Volvo, VW, Stellantis CEOs warn EU tech sovereignty push could hurt European firms

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Top executives from Volvo, Stellantis, and Volkswagen have cautioned the European Union against pursuing strict tech sovereignty policies. The CEOs warned that severing ties with US tech giants such as Google, Microsoft, and Amazon could significantly raise development costs and reduce market opportunities for European businesses. The auto leaders are advocating for stronger collaboration with American industry as a strategic counterweight to China's growing influence. They argue that free-market competition is preferable to government-mandated adoption of homegrown European technology alternatives.

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