Sunday, January 28, 2007

Porsche warns of emissions war


Given that these companies are producing cars that go beyond the emission limits, this is clear a case for these companies buying carbon credits for their clients, and add it to the price of course.

This is required, as it is unacceptable for those who engage in more emissions than necessary or than allowed should be able to do so free of charge.

Car drivers must learn to pay for the total cost of using the car.

Onésimo Alvarez-Moro

See article:
Porsche’s chief executive on Friday warned of an impending business war between Germany on one side and France and Italy when he said plans by the European Commission to limit carbon dioxide emissions were an attack on German luxury carmakers.

The outspoken comments by Wendelin Wiedeking at the sports carmaker’s annual meeting underline the nervousness of German carmakers, all of which are a long way above the proposed limits and are much more threatened than the likes of France’s Renault and Peugeot and Italy’s Fiat.

“It is an attack on BMW, Mercedes, Audi and ourselves ... This is a business war in Europe. We will fight,” Mr Wiedeking told shareholders.

All four companies produce large luxury cars compared with the smaller ones of Renault, Peugeot and Fiat. In an extreme case, industry executives believe strict limits would threaten the existence of luxury carmakers.

See full Article (paid subscription required).