Fiat, GM, BMW, Hyundai Set to Miss European Carbon Goals, Down Week for Renewables

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Four of Europe’s 10 largest automakers are set to miss carbon dioxide emission reduction targets, according to a study, leaving them open to fines worth hundreds of millions of euros, the Financial Times reported.

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General Motors, BMW, Fiat and Hyundai, which together sell more than 3 million cars in Europe every year, are behind the required reduction rate and are expected to miss a 2021 deadline, according to an annual report by Transport & Environment, an environmental think-tank.

Europe has introduced the most ambitious rules globally, requiring manufacturers to cut emissions by about 50 percent between 2011 and 2021.

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