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The European Union may extend its deadline on automakers' emissions because of the weakening European economy. Automakers have been complaining that the stronger emissions lead to more expensive cars, which means lower profits per vehicle because the cars must still be priced competitively.
The automakers are asking the EU to change the deadline because of low profit margins and over capacity. German newspaper Die Welt reports that the EU is considering the change.
To be fair, the European automakers may have a good argument about extending the deadline. If the European economy continues to decline and new car sales continue to fall, then there is a reason to extend the deadline.
The original deadline was that automakers in Europe must have average fleet CO2 emissions of 130g/km by 2015 or pay penalties. FiatFiatItaly, 1899 > present159 models
4864 photos
35 videos
is the only current European automaker that adheres to the 2015 limit as of 2012. Its fleet average CO2 emissions as of 2011 was 123g/km of CO2.
ToyotaToyotaJapan, 1937 > present155 models
4570 photos
10 videos
is 1g/km of CO2 off the limit for its fleet average. CitroënCitroënFrance, 1919 > present94 models
5346 photos
11 videos
and PeugeotPeugeotFrance, 1882 > present120 models
3839 photos
7 videos
need to improve their fleets by 5g/km of CO2.
HondaHondaJapan, 1948 > present102 models
2419 photos
10 videos
, NissanNissanJapan, 1932 > present159 models
6957 photos
12 videos
, DaimlerDaimlerGermany, 1889 > present12 models
77 photos
1 video
, GMGMUnited States of America, 1998 > present8 models
240 photos
, MazdaMazdaJapan, 1920 > present80 models
2325 photos
7 videos
and DaciaDaciaRomania, 1966 > present11 models
478 photos
3 videos
need to improve their fleet emissions by about 14g/km of CO2.
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Source: Automotive News European
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