Bloomberg the Company & Products

Bloomberg Anywhere Login

Bloomberg

Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.

Company

Financial Products

Enterprise Products

Media

Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000

Communications

Industry Products

Media Services

Follow Us

Automakers Meet EU Emission Targets for 2012, Avoiding Fines

Oct. 31 (Bloomberg) -- The European Union said no car manufacturer is likely to face EU fines for its carbon-dioxide emissions in 2012, the first year in which caps took effect.

The European Commission, the EU’s regulatory arm, said automobile makers ranging from Volkswagen AG to General Motors Co. either met their targets last year, including by exercising the right to form pools among producers, or have possible derogations that would permit an overshooting.

The EU decided in 2008 to phase in caps on CO2 from autos as of 2012 to help fight climate change, imposing emission curbs on 65 percent of the new fleet last year, 75 percent in 2013, 80 percent in 2014 and 100 percent beginning in 2015. The legislation, backed by penalties, aims to cut average car CO2 emissions to 130 grams a kilometer in 2015 through varying targets for individual manufacturers.

“All the main carmakers have met their 2012 targets,” Isaac Valero-Ladron, the commission’s climate-policy spokesman, said today by e-mail from Brussels. “Carmakers’ rate of progress indicates that future objectives are certainly attainable. Targets work.”

The commission published today in the EU’s Official Journal the 2012 CO2 performance of automakers under the legislation. The data come as EU lawmakers negotiate over a proposed average car-emissions cap in 2020 of 95 grams of CO2 a kilometer.

Link to Company News:{005380 KS <Equity> CN <GO>} Link to Company News:{7203 JP <Equity> CN <GO>} Link to Company News:{BMW GR <Equity> CN <GO>} Link to Company News:{DAI GR <Equity> CN <GO>} Link to Company News:{F US <Equity> CN <GO>} Link to Company News:{F IM <Equity> CN <GO>} Link to Company News:{GM US <Equity> CN <GO>} Link to Company News:{PAH3 GR <Equity> CN <GO>} Link to Company News:{RNO FP <Equity> CN <GO>} Link to Company News:{UG FP <Equity> CN <GO>} Link to Company News:{VOW GR <Equity> CN <GO>}

To contact the editor responsible for this story: Jonathan Stearns at jstearns2@bloomberg.net

Please upgrade your Browser

Your browser is out-of-date. Please download one of these excellent browsers:

Chrome, Firefox, Safari, Opera or Internet Explorer.