UPDATE 2-EU agrees steep fines to cut car CO2 from 2012


(Recasts with announcement, Verheugen dissent, reactions from carmakers and analysts) By Paul Taylor BRUSSELS, Dec 19 (Reuters) - The European Commission adopted fiercely contested proposed legislation on Wednesday to force down emissions of carbon dioxide (CO2) from cars, with steeply rising fines on manufacturers that fail to comply. With several commissioners dissenting, the European Union executive set a four-year phase-in period from 2012 for fines on manufacturers whose fleets ...

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