Sports-car brands such as Italy’s Ferrari or the U.K.’s Aston Martin aren’t exactly known for producing “green” vehicles. So, perhaps, it is the desire to ensure such iconic brands keep turning out sleek, sexy cars that underpins the European Union’s decision to exempt them from its carbon-dioxide emissions cap of 130 g/km. The exemption only will apply to such auto makers producing less than 10,000 vehicles annually. It will extend to independent auto makers as well as those ...

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