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International Business Times

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EU Holds Auto Talks To Revive Embattled Car Sector

European Union China TE Europe Brussels Volkswagen

Volkswagen and other European carmakers have struggled with the switch to electric vehicles as they face rising competition from China (Credit: AFP)

EU talks to relaunch Europe's embattled car industry are to get underway on Thursday, with automotive CEOs awaited in Brussels to discuss fines and competition from China.

The European Union is under pressure to help a sector that employs 13 million people and accounts for about seven percent of the bloc's GDP, as it seeks to revamp the continent's lagging competitiveness.

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