Critically, the agreement provides for the continued use of super-credits within the emissions measurement formula for green vehicles such as EVs and hybrids. These can bring down the average CO2 emissions level assessed for auto makers.
The Commision since 2008 has given EU countries more leeway to offer tax breaks, low-interest loans and grants for making and buying energy-efficient vehicles, but is concerned that member states are using these rights in conflicting ways.
The U.S., EU and Japan also charge that the country is asking importers to make certain commitments such as limiting their imports, balancing them with exports and making or increasing investment in local production facilities.
The European Union is protesting Brazil’s hike in taxation of foreign-made components and Argentina’s requirement that auto-parts importers file a sworn declaration, including production information, to the country’s customs authority.
Without solid backing on Wall Street, FCA may have trouble securing favorable credit for the estimated €50 billion needed to reach aggressive volume targets set last May for the Chrysler, Jeep and Alfa Romeo brands....More
Ultracaps, long considered too costly for widespread application in light vehicles, appear to be gaining traction – albeit ever so slowly – as electrification takes hold and automakers find the technology’s advantages harder to resist....More
Networked vehicles that can communicate with each other and the infrastructure open up a new range of possibilities for user functions that will make driving safer, more comfortable and environmentally friendly, the supplier says....More
Should the government publicize vehicle-performance data reported by manufacturers and used to identify potential safety defects? Are thousands of scattered eyes necessarily better than a single trained eye?...More