France, Italy In Push To Scrap 2025 Car Emission Fines [Barron's]
Ford Motor Company (F)
Last ford motor company earnings: 4/28 04:09 pm
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Source: Barrons
The issue was discussed at a meeting of European Union environment ministers in the Belgian capital, which came as the bloc's automotive industry is facing a deep crisis, according to diplomatic sources. France's Minister for Ecological Transition Agnes Pannier-Runacher called for flexibility not to penalise European manufacturers in the face of international competition. Hitting carmakers with fines would be "counterproductive" and weaken Europe's industry doing little to accelerate the transition towards electric vehicles, she argued. The Czech Republic and Slovenia held similar views, diplomats said. Among others, Italy, Poland, and Austria last month backed a paper warning penalties "would severely limit the ability of the industry to reinvest in innovation and development, thus harming Europe's competitiveness on the global stage". The European Commissioner for climate, Wopke Hoekstra, told a press briefing after the meeting that the ideas and worries raised were "well
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