EU car firms renew attack on CO2 emission curbs - Reuters

[Eugene]

EU car firms renew attack on CO2 emission curbs
20 Mar 2007 15:57:31 GMT
Source: Reuters

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By Marcin Grajewski

BRUSSELS, March 20 (Reuters) - European carmakers fired a new salvo on
Tuesday in their battle with the European Commission against setting binding
limits on carbon dioxide (CO2) emissions, saying the caps would cripple the
industry.

The European Union executive proposed last month that automakers be
required to cut CO2 emissions from new cars sold in Europe to an average
130 grams per kilometre by 2012 through improvements to engine technology.

That would contribute to an overall target of 120 g/km by 2012 compared to
current levels of roughly 163 g/km, part of the Commission's drive to fight
climate change.

Sergio Marchionne, chief executive of Italian carmaker Fiat <FIA.MI> and
head of the European Automobile Manufacturers' Association (ACEA), said
the targets were unrealistic and would undermine the EU car industry's
ability to compete worldwide.

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Full article: http://www.alertnet.org/thenews/newsdesk/L20163068.htm