It appears the long debate over the planned European Union cap on carbon-dioxide emissions is drawing to a close, with an agreement to be framed before Christmas. An informal deal has been struck between the European Parliament and the 27 EU nations, and it appears to mollify both the auto industry and environmentalists. Auto makers will be required to meet an average CO2 target of 120 g/km with 65% of their new-vehicle fleets in 2012; 75% in 2013; 80% in 2014; and 100% in 2015. Also ...

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