EU's 'Made in Europe' push unnerves global auto suppliers

The EU's 'Made in Europe' initiative aims to protect local automakers from Chinese competition but raises concerns among key partners like Turkey and Japan. The plan, which mandates that a significant portion of vehicle components be sourced from Europe, could jeopardize trade relationships and jobs. Turkey, heavily reliant on EU automotive exports, fears exclusion will harm its economy. Meanwhile, European car manufacturers are lobbying for leniency to maintain access to cheaper imports, while parts suppliers advocate for stronger protections to prevent job losses. The situation remains contentious as the EU navigates its legislative process.