France, Germany agree on joint plan for future of European car industry

BERLIN, Oct 16 (Reuters) — France and Germany said in a joint statement they agreed on a common approach to secure the future of the European automotive industry, aiming to cut CO2 emissions while ensuring next-generation electric vehicles are developed and built in Europe. The plan sets out a European decarbonisation pathway with regulatory flexibility and incentives for investment, research, production and resilient supply chains, the statement said. (Reporting by Kirsti Knolle Editing by Ludwig Burger) ((kirsti.knolle@thomsonreuters.com;)