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Industry: Email Alert RSS FeedCarmakers face high CO2 costs; Study: Emission targets would add [euro]4,000 to the price of a car.(News)(Brief Article)
Automotive News Europe, December, 2003 by Krix, Pia
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Byline: Pia Krix
Automakers will have to add on average [euro]4,000 to the price of a car to reach a carbon dioxide emission target of 120 grams per kilometer by 2012, according to a study by management consulting firm Arthur D. Little.
Such an increase to car prices would reduce overall sales and make less-profitable smaller cars more attractive, the report shows.
The result would be that European automobile manufacturers would suffer losses starting at the end of 2011, according to the study.
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