The European Union is drafting new legislation to curb CO 2 emissions from cars. Under the revised guidelines, new vehicles must limit emissions to an average of 120 grams per kilometer by 2012—compared with the current average of approximately 160 grams per kilometer for diesel- and gasoline-powered cars. Closing this gap poses a steep chal lenge for European automakers. To hit that target, companies will need to cut emissions by almost 3 percent annually during the next six years, nearly double the rate of the past decade. 1
According to a joint study by A.T. Kearney and Credit Suisse, compliance could cost the European automotive industry more than $25 billion per year. Faced with rising costs, orig-inal equipment manufacturers (OEMs) must find a way to turn compliance into a competitive advantage.
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