The Spanish sector for automotive suppliers and equipment is, as a whole, a strong asset in the vehicle value chain. It provides around 75% of this market’s business. Currently, it is one of the sector’s top exporters: up to 82% of total production is delivered to more than 130 countries. In Spain, it employs more than 370,000 people directly and indirectly.
Between September and December 2019, Spanish automotive components, worth €6.850 million, were exported. A 4% decrease compared with the same period last year, breaking the trend of growth during last years.
As Europe is grappling with the health, social and economic impacts of COVID-19, the European Automobile Manufacturers’ Association (ACEA) has set out four guiding principles for a successful re-launch of the auto industry, which will be vital to the wider economic recovery of the continent.
(CLEPA) (the European Automotive Suppliers’ Association) and (ACEA) (the European Automobile Manufacturers’ Association) have jointly adopted a ‘Code of Business Conduct in view of COVID-19’ to support a rapid and smooth restart of the automotive industry.