11:06 AM EDT, 10/16/2026 (MT Newswires) -- Germany and France agreed on a joint approach to bolster the competitiveness of the European automotive industry while maintaining climate goals and protecting jobs in the sector. Under the plan, the eurozone's two largest economies aim to reduce carbon emissions and support the development and production of electric vehicles in Europe, according to a Friday joint statement. The proposed comprehensive package also includes incentives for investment, research and development, European production, and resilient supply chains.

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