Tavares EU CO2 Critique Finds Support, But Environmentalists Disagree. “What is clear is that electrification is a technology chosen by politicians, not by industry,” Leaders of the European auto industry are almost at one in carrying out politicians’ orders without question that a climate change emergency demands swift action to cut carbon dioxide using battery […]
Tag Archives | E.U.
Coronavirus May Dilute Harsh, Counterproductive EU CO2 Rules
Coronavirus May Dilute Harsh, Counterproductive EU CO2 Rules. “EU CO2 targets or the fines (manufacturers) face may be softened or postponed, so that companies are not at risk of financial burdens” European Union (EU) CO2 rules forcing car and SUV makers to in effect “go electric” by 2030 was always going to end badly for […]
EU CO2 Demands Threaten Europe’s Auto Industry
EU CO2 Demands Threaten Europe’s Auto Industry. “Some European manufacturers are not very well prepared and will stumble. Yes, consolidation will intensify during this decade” If the coronavirus crisis gradually slips out of the headlines leaving a largely intact European auto industry, the sighs of relief won’t last long. The industry faces a 10-year existential […]
EU Has Already Effectively Banned Gas Cars, So U.K. Move Moot
EU Has Already Effectively Banned Gas Cars, So U.K. Move Moot. “A date without a plan will merely destroy value today” The auto industry exploded with anger when Britain announced Tuesday it would bring forward a ban on the sale of new gasoline and diesel cars and SUVs to 2035 from 2040, but the reaction was […]
Slipping Sales in 2020 Will Mask EU Mandated Profit Threats
Slipping Sales in 2020 Will Mask EU Mandated Profit Threats. EU’s Von Der Leyen Wants 40% Target Raised To At Least 50% European Union (EU) fuel economy regulations designed to force its citizens into electric cars, like or lump it, start to bite in 2020, and despite sales of cars and SUVs falling slightly, the […]
EU Fuel Economy Rule Violations Could Cost Manufacturers Big
EU Fuel Economy Rule Violations Could Cost Manufacturers Big. “We expect the EU to stand firmly behind the regulation and to strictly enforce fines for non-compliance” European auto makers face massive fines if they haven’t slashed the fuel consumption of their vehicles by 2021, and a couple of reports published this week suggest some of […]
VW, Daimler Should Incur Smaller EU Penalties than BMW.
VW, Daimler Should Incur Smaller EU Penalties than BMW. Environmentalists Want More Effective Action. BMW may take a 1 billion euro ($1.2 billion) hit to its bottom line if EU charges stick that it colluded to delay technology for cleaner auto emissions, but VW and Daimler are likely to get off much more lightly, while […]
Carmakers Attack EU Fuel Economy Targets
Carmakers Attack EU Fuel Economy Targets. Environmentalists Say New Rules Aren’t Tough Enough. “Delivering a 37.5% CO2 reduction might sound plausible, but is totally unrealistic based on where we stand today” The European Union agreed tough automobile fuel economy targets for 2030 and was quickly attacked by vehicle makers for being unrealistic, while environmentalists said […]
Tougher EU Emissions Controls Threaten Profits; May Boost EVs
Tougher EU Emissions Controls Threaten Profits; May Boost EVs. “Obviously, lowering CO2 from 95 g/km towards less than 60 g/km requires strong powertrain simplification and electrification” The European Union’s plans to cut automotive carbon dioxide emissions (CO2) another 35 per cent by 2030 might undermine the finances of the mass carmakers but could also be […]
E.U. Tariffs On U.S. Cars 10 Per Cent Versus 2.5 Per cent
E.U. Tariffs On U.S. Cars 10 Per Cent Versus 2.5 Per cent. “Europeans have little appetite for U.S. cars these days. The E.U. could comfortably equalise with the U.S. at 2.5 per cent” With all the sound and fury obscuring possible outcomes of a U.S./E.U. auto trade dispute, the Financial Times Lex column reminds us […]