ZF CEO Miedreich: 'The EU Commission continues its industrial policy ghost drive'
Matthias Miedreich, CEO of ZF, criticizes the EU Commission's new car emissions rules proposals, stating they fail to help the climate or prevent job cuts in the automotive industry.
Matthias Miedreich, the CEO of ZF, one of Germany's largest automotive suppliers, has publicly condemned the European Commission's latest proposals regarding car emission regulations. He argues that these new rules are inadequate and could exacerbate issues such as climate change and job losses in the automotive sector. Miedreich emphasizes that the proposals reflect a persistent industrial policy misguidance in Europe, which fails to embrace the necessary flexibility and innovation required in today’s market.
In his statement to the Frankfurter Allgemeine Zeitung (F.A.Z), Miedreich criticized the EU for what he perceives as a superficial approach to regulatory reform, suggesting that the Commission's indication of goal flexibility is more of a marketing tactic than a genuine commitment to adapting European policies to the realities of the automotive industry. He described the current regulatory direction as a 'ghost drive', wherein policymakers are disconnecting from the actual needs of the industry and environment. This raises concerns about the future sustainability of automotive jobs and technologies in Europe.
Miedreich's comments resonate against the backdrop of increasing pressures on the automotive sector to transition to electric vehicles and reduce carbon emissions. However, he warns that without substantial changes and a genuine commitment to open technology options, the EU's regulatory framework risks not only hindering innovation but also failing to support manufacturers and workers during crucial transitions. Thus, the ongoing discourse reflects deeper tensions within Europe’s industrial strategy and its implications for economic stability in the automotive sector.