UPDATE 2-Diesel collapse gives automakers carbon h
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Posted On: 03/06/2018 10:14:27 AM
UPDATE 2-Diesel collapse gives automakers carbon headache
8:19 AM ET 3/6/18 | Reuters
UPDATE 2-Diesel collapse gives automakers carbon headache
* Feb diesel sales plunged 19 pct in Germany, 24 pct in UK
* Decline makes it harder for firms to meet EU CO2 goals
* VW boss "worried," but still sees diesel revival
GENEVA, March 6 (Reuters) - The accelerating demise of diesel, long used by carmakers to boost fuel-efficiency, is undermining their plans to meet looming European Union CO2 goals and avoid big annual fines.
Executives gathered on Tuesday at the Geneva auto show are grappling with unpalatable choices: re-engineer existing vehicles at huge expense, restrict sales of some profitable models; or risk hundreds of millions of euros in penalties.
Others are clinging to the hope that the image of the latest Euro 6 diesels may yet be rehabilitated, and their fortunes restored.
8:19 AM ET 3/6/18 | Reuters
UPDATE 2-Diesel collapse gives automakers carbon headache
* Feb diesel sales plunged 19 pct in Germany, 24 pct in UK
* Decline makes it harder for firms to meet EU CO2 goals
* VW boss "worried," but still sees diesel revival
GENEVA, March 6 (Reuters) - The accelerating demise of diesel, long used by carmakers to boost fuel-efficiency, is undermining their plans to meet looming European Union CO2 goals and avoid big annual fines.
Executives gathered on Tuesday at the Geneva auto show are grappling with unpalatable choices: re-engineer existing vehicles at huge expense, restrict sales of some profitable models; or risk hundreds of millions of euros in penalties.
Others are clinging to the hope that the image of the latest Euro 6 diesels may yet be rehabilitated, and their fortunes restored.
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