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Volvo CEO to EU: Europe will be loser if it cuts ties with Google, Microsoft and Amazon

European auto leaders are sounding the alarm, warning the EU's drive for 'tech sovereignty' could cripple local businesses. CEOs from Volvo, Stellantis, and Volkswagen fear that cutting ties with US tech giants like Google and Microsoft will hike development costs and shrink markets. They urge deeper ties with American industry to counter China, advocating for free-market competition over government mandates for homegrown tech.

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Times of IndiaLean R·2h ago
Volvo CEO to EU: Europe will be loser if it cuts ties with Google, Microsoft and Amazon
European auto leaders are sounding the alarm, warning the EU's drive for 'tech sovereignty' could cripple local businesses. CEOs from Volvo, Stellantis, and Volkswagen fear that cutting ties with US tech giants like Google and Microsoft will hike development costs and shrink markets. They urge deeper ties with American industry to counter China, advocating for free-market competition over government mandates for homegrown tech.
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Volvo CEO to EU: Europe will be loser if it cuts ties with Google, Microsoft and Amazon

How 1 sources are covering this

Volvo CEO to EU: Europe will be loser if it cuts ties with Google, Microsoft and Amazon

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