The automotive industry is essential for Europe’s prosperity. The automotive segment offers direct & indirect jobs to 13.8 Mn Europeans, representing 6.1 percent of total Europeans employment. 2.6 Mn people work in direct manufacturing of motor vehicles, signifying 8.5 percent of EU employment in manufacturing. The Europe is among the world's major producers of motor vehicles & the segment represents the largest private investor in R&D. To strengthen the attractiveness of the Europe automotive industry & preserve its worldwide technological leadership, the European Commission supports global technological harmonization & offers funding for Research & Development.
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