G. whereas in 2006 the automotive industry in the EU exported about 20% of the motor vehicles produced by it and in 2004 exports of motor vehicles and of parts and accessories for motor vehicles accounted for 8,7% and 2,8% respectively of the EU's industrial exports, an indication of how particularly sensitive to export conditions the automotive industry is, and whereas in 2004 the extra-EU trade surplus in respect of transport equipment was valued at EUR 60,2 billion; whereas the EU's global pre-eminence is due, in particular, to the fact that it is the world's largest producer of cars and the second largest producer of lorries, and also to the size and degree of consolidation of the internal market, the growing internationalisation of t ...[+++]he motor vehicle sector, the reputation of European brands and the quality of European services, the strong export position which European manufacturers have managed to achieve and their substantial presence on markets with high growth potential,

G. whereas in 2006 the automotive industry in the EU exported about 20% of the motor vehicles produced by it and in 2004 exports of motor vehicles and of parts and accessories for motor vehicles accounted for 8,7% and 2,8% respectively of the EU's industrial exports, an indication of how particularly sensitive to export conditions the automotive industry is, and whereas in 2004 the extra-EU trade surplus in respect of transport equipment was valued at EUR 60,2 billion; whereas the EU's global pre-eminence is due, in particular, to the fact that it is the world's largest producer of cars and the second largest producer of lorries, and also to the size and degree of consolidation of the internal market, the growing internationalisation of t ...[+++]he motor vehicle sector, the reputation of European brands and the quality of European services, the strong export position which European manufacturers have managed to achieve and their substantial presence on markets with high growth potential,

1. Points to the macroeconomic importance of the motor vehicle industry, which accounts for 3 % of Europe’s GDP and 7 % of its industrial employment, provides 8 % of the Member States’ total budget revenue, devotes more resources to RD than any other industry, and attracts a sixth of European household spending; notes that Europe’s global prominence is due, in particular, to the fact that it is the world’s largest producer of cars and the second largest producer of lorries, and to the size and degree of consolidation of the internal market, the growing internationalisation of the motor vehicle sector, the reputation of European brands and the quality of ...[+++]European services, and the strong export position which European manufacturers have managed to achieve and their substantial presence on markets with high growth potential;

G. whereas in 2006 the automotive industry in the European Union exported about 70% of its output and in 2004 exports of motor vehicles and of parts and accessories for motor vehicles accounted for 8,7% and 2,8% respectively of the EU's industrial exports, an indication of how particularly sensitive to export conditions the automotive industry is, and whereas in 2004 the extra-EU trade surplus in respect of transport equipment was valued at EUR 60,2 billion; whereas the European Union's global pre-eminence is due, in particular, to the fact that it is the world’s largest producer of cars and the second largest producer of lorries, and also to the size and degree of consolidation of the internal market, the growing internationalisation of t ...[+++]he motor vehicle sector, the reputation of European brands and the quality of European services, the strong export position which European manufacturers have managed to achieve and their substantial presence on markets with high growth potential;

In addition, the financing is to be secured by a first mortgage on the vessel.

(46) The Spanish Government added that as a guarantee for the repayment of the debt, the company offered to take out a first mortgage on the factory, plant and equipment located at Torrelavega in favour of the General Treasury for Social Security and the Salary Guarantee Fund (FOGASA), jointly.