Core Viewpoint - The European auto industry faces an "irreversible decline" if the EU does not ease its carbon emissions regulations, according to Stellantis Chairman John Elkann [1][2]. Group 1: Industry Concerns - The European Commission is set to review EU carbon emissions regulations for the auto industry on December 10 [1]. - Elkann emphasized the need for more flexibility in emissions targets to prevent a decline in the auto sector, suggesting that a constructive approach to emissions reduction could restore lost growth and meet consumer needs [2]. - Stellantis is advocating for proposals that include allowing plug-in hybrids and alternative fuels beyond 2035, averaging interim carbon reduction goals over several years, and introducing a vehicle scrappage scheme [3]. Group 2: Company Strategy - The new hybrid Fiat 500 is a key model for Stellantis, aimed at reversing the decline in Italian output, which has been affected by low demand and competition from Chinese manufacturers [4]. - Stellantis CEO Antonio Filosa stated that urgent action is needed from European authorities to regain customer trust and support future investment and innovation [5]. - The management has not detailed the potential consequences of strict EU regulations, but there are concerns about possible factory closures due to hefty fines related to CO2 emission targets [6].