Renault backs EU-wide local content rules with flexible approach – report

Renault Group supports calls from automotive suppliers for the introduction of European Union (EU)-wide local sourcing rules, the automaker’s CEO François Provost told Reuters. However, Provost said this backing depends on the Local Content Requirements being defined in a more flexible way. Some suppliers have urged to mandate that 80% of components in vehicles sold in the EU be sourced locally, mirroring provisions already applied in the US. These discussions, to counter competition from Chinese manufa ...