February 8, 2007

European car industry objects to proposed CO2 emission targets

Brussels, Belgium – The European car industry cannot agree with the proposals made by the European Commission today on CO2 emissions from passenger cars, stated the President of the Brussels based European Automobile Manufacturers Association (ACEA) and CEO of FIAT Group. Sergio Marchionne said the proposals are unbalanced and damaging to the European economy in terms of wealth, employment and growth potential.

“We ask the EU governments and the European Parliament to design a reasonable and levelheaded strategy to reducing CO2 emissions from cars towards the EU target of 120 g CO2/km by 2012, involving efforts from all relevant parties and including both existing and new cars on the road”, said Sergio Marchionne. “The ideas put forward today by the European Commission focus too much on vehicle technology, denying the fact that a broad range of means is available to reduce CO2 emissions in a far more cost-effective way to the benefit of equally the environment and the economy.”

The Commission has formulated arbitrary targets, not sustained by a valid assessment of all facts and consequences involved. Putting the burden mainly on the car industry is the most expensive and least cost-effective method possible. It will lead to a loss of jobs and the relocation of production outside the EU, severely affecting several European regions. “Reality will not just go away by denouncing it”, says Marchionne. “This is not the time for an ideological debate. The automotive sector forms the backbone of the European manufacturing industry, with thousands of smaller companies depending on a dozen major players. At least 12 million EU workers and their families count on a balanced policy on CO2 emissions from cars. The car industry does not want to be part of an experiment. If left unchanged, the Commission proposal would erode the economic strength of Europe.”

Marchionne pointed out that traffic of passenger cars accounts for 11% of CO2 emissions in the EU. Globally, passenger car traffic emits 5% of all man made CO2. The European share of this is 1.5%, thanks to advanced European technology.

ACEA represents the thirteen major European vehicle manufacturers: BMW Group, DAF Trucks, DaimlerChrysler, FIAT, Ford of Europe, General Motors Europe, MAN Nutzfahrzeuge, Porsche, PSA Peugeot Citroen, Renault, Scania, Volkswagen and Volvo.

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