The success story of the commercial vehicle industry
The commercial vehicle industry is crucial to Europe as an important business enabler and as a source of economic activity and employment. It is a global leader in the sector, supplying the highest quality, most technologically-advanced trucks in the world. Innovation, fuel-efficiency and safety are key factors in keeping the sector successful.
€32 billion invested in R&D and 9,500 patents every year
To ensure that Europe’s automobile industry maintains its role as technological leader, manufacturers and suppliers invest some 4% of their turnover in research and development (R&D) each year. The automotive industry is the largest private investor in R&D in Europe, investing €32 billion and applying for 9,500 patents every year. The commercial vehicle sector is a global leader and key industrial asset that is vital to Europe’s competitive position globally and to its future.