Core Viewpoint - Stellantis has strongly criticized the European Union's revised vehicle emissions plan, stating that it undermines growth incentives and lacks urgency and clarity for large-scale investment [1]. Group 1: Leadership Concerns - Chief Executive Antonio Filosa expressed disappointment that Brussels missed an opportunity to support the expansion of Europe's auto sector [2]. - Filosa criticized the proposal for not providing immediate measures to revive demand or protect industrial competitiveness, stating, "This package does not do the job" [3]. - He warned that weak growth discourages capital deployment and threatens supply chain resilience [4]. Group 2: Investment Implications - Filosa indicated that last year he had signaled stronger European investment contingent on softened regulations regarding the 2035 combustion engine ban, but the revised rules do not provide sufficient incentives [5]. - He emphasized that investment decisions depend on predictable policies and near-term demand support, without which automakers struggle to justify new factories or supplier commitments [5]. Group 3: Policy Revisions and Industry Reactions - The European Commission's recent revision allows carmakers to sell limited combustion models while offsetting emissions, but Filosa noted that these conditions raise costs beyond the reach of mass-market manufacturers [6]. - The industry reaction is divided; Renault Group welcomed the changes as pragmatic, while Germany's auto lobby warned that the framework creates execution barriers [7]. - VDA President Hildegard Müller described the measures as unworkable for manufacturers, while Commission officials defended the approach as maintaining climate ambition [7].