Brussels, Belgium – The European Automobile Manufacturers’ Association (ACEA) has called on the European Union to approve a multi-billion Euro stimulus package for the European economy, and to reassess economic measures in 2009 and 2010.

“Regarding the automotive industry, the recent stimulus package announced by the European Commission and the Ecofin Council are an encouraging signal,” said Andreas Renschler, chairman of the ACEA Commercial Vehicle Board and head of Daimler Trucks. “However, additional measures are needed to tackle the crisis and relieve the credit crunch.”

Renschler spoke on behalf of Daimler, DAF, Iveco, MAN, Scania, Volkswagen and Volvo Group during an ACEA conference on the future of freight transport. He said that in October, new registrations of commercial vehicles were down 17 per cent when compared to October 2007, and in the first ten months of 2008, the European market for commercial vehicles declined by 5.3 per cent.

“Commercial vehicle manufacturers, suppliers and operators are looking at political decision-makers to resolve the credit crunch,” Renschler said. “For our customers, the European governments should look at additional incentives to encourage the renewal of the fleet, to the benefit of economy and environment. We know how to deal with ups and downs of the market, but the financial crisis is not the only thing on our plates. Extra liquidity for R&D and product programs is essential to help our sector bridge these difficult times and sustain our investments in clean technologies.”

The commercial vehicle industry has united behind “Vision 20-20”, a recently-defined EU objective to reduce overall greenhouse gas emissions by 20 per cent by 2020. Renschler said that the commercial vehicle manufacturers are aiming for a decrease in the fuel consumption of modern trucks by an average of 20 per cent per tonnekilometre by 2020 to fit into the objective.

Connect with Autos.ca