Core Viewpoint - Stellantis Chairman John Elkann calls for collaboration among major European car manufacturers to establish new regulations aimed at reducing the manufacturing costs of small cars [1][3]. Group 1: Regulatory Environment - Elkann emphasizes the need for the EU and major automotive countries like Germany, France, Italy, and Spain to recognize how to utilize intelligent new regulations [3]. - He points out that Europe is facing over 120 new regulations by 2030, which are increasing the weight and cost of vehicles, making small cars unprofitable [5]. - The current regulatory framework is seen as overly burdensome, particularly for small and affordable vehicles, which are crucial for the European automotive industry [9]. Group 2: Market Opportunities - Elkann suggests that Europe can learn from Japan's K-Car model, which has maintained a significant market share due to its lightweight and affordable nature [5]. - Stellantis is already producing electric microcars in Europe, such as the Citroën Ami and Fiat Topolino, indicating a potential market for affordable electric vehicles [7]. - The call for regulatory changes comes at a time when European car manufacturers are seeking to compete with Chinese automakers, particularly in the electric vehicle segment [9]. Group 3: Industry Perspectives - Renault CEO Luca de Meo aligns with Elkann's views, stating that European regulations have negatively impacted the profitability of the small car market, with sales declining by 40% over the past 20 years [9]. - De Meo advocates for differentiated regulations for small cars, arguing that the current rules favor larger and more expensive models, hindering the production of small cars under acceptable profit conditions [9]. - A French research group supports the idea that allowing manufacturers to sell affordable and sustainable electric vehicles in Europe could enhance competitiveness against Chinese manufacturers [9].