2020 European Union start to hit Automakers with 34 billion Euro CO2 emission fines

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Thread: 2020 European Union start to hit Automakers with 34 billion Euro CO2 emission fines

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    2020 European Union start to hit Automakers with 34 billion Euro CO2 emission fines

    Automotive News

    Automakers could be hit with billions of euros in fines for missing the European Union’s fleet CO2 emissions reduction target that starts to take effect next year. That is the conclusion of analysts after CO2 emissions rose to their highest level since 2014.

    The estimated total penalty payment is 34 billion euros, according to a report this month from JATO Dynamics, which based its figure on CO2 data from last year. Volkswagen Group and PSA Group, the two largest automakers by volume in Europe, could face the loss of up to half of their combined net profits, JATO said.

    The fine is 95 euros per gram of CO2 over the limit, multiplied by the number of cars sold in 2020 and 2021, although 5 percent of the highest-emissions vehicles will not be counted in 2020. The fleet CO2 target is 95 grams per kilometer.

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    13 Nov, 2019 12:56pm

    We've always recommended that buying towards the end of a month – or even better, the end of a quarter – could prove fruitful. Dealers are more likely to hand over a larger proportion of their profit margins to buyers who help them hit their end-of-period sales targets, which bring lucrative bonuses with them.

    But in the weird and wonderful times we currently live in, there’s an added incentive for car makers and their dealers to shift stock before the end of 2019. And a hitherto unseen desperation to do so, with massive financial backing that’s playing into the hands of buyers.

    Next year a new European Commission regulation comes into force that means all car makers have a fleet-wide average emission target for new cars of 95g/km of CO2. Failing to hit that average will result in big fines.

    As usual, there are horribly complex calculations involved, but the bottom line is that every car maker needs to sell more cars that emit lower levels of CO2 than they do cars with higher levels of emissions.

    It also means that ultra-low CO2 cars – either pure-electric or plug-in hybrid models that emit less than 50g/km of CO2 – are in effect worth double towards the CO2 target in 2020. Expect them to be marketed hard next year – much more than they have been in 2019.

    What this means is that, in the remaining weeks of the year, car makers will be desperate to sell you a car that, if left unsold until 2020, could cost them dearly when it comes to calculating that average CO2 figure. They’d rather take this pain now than even more pain next year.

    One senior industry figure told me that he – and his counterparts at other manufacturers – have millions to spend persuading people to buy these cars in 2019. And among the companies with the most to spend are some of the premium brands you wouldn’t expect.

    The clock is ticking, the deals are getting better and better. If you’re going to buy in 2019, leave it as late as you dare.


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    Glad GM have pulled the plug on Europe, it going to be impossible to make a decent profit on hybrid & electric cars and poor old Ford could be hit with $1 billion in UK Brexit WTO tariffs, VW & PSA will pay a lot. Massive unemployment in the auto industry coming to Europe EV's have less components that are normally made in some cheap overseas location will only use half the numbers of auto workers to assemble the cars.

    Sounds like a happy 2019 Christmas and a crappy new year for automakers in Europe in 2020.
    Last edited by Oldsmobile stopped; 11-14-2019 at 11:31 AM.
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    Re: 2020 European Union start to hit Automakers with $34 billion fines on CO2 emmissi

    At least the manufacturers won't need to count UK sales after January 31st as we will (might!) be out of the EU by then.

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    Re: 2020 European Union start to hit Automakers with 34 billion Euro CO2 emission fin

    Quote Originally Posted by Oldsmobile stopped View Post

    Glad GM have pulled the plug on Europe, it going to be impossible to make a decent profit on hybrid & electric cars and poor old Ford could be hit with $1 billion in UK Brexit WTO tariffs, VW & PSA will pay a lot. Massive unemployment in the auto industry coming to Europe EV's have less components that are normally made in some cheap overseas location will only use half the numbers of auto workers to assemble the cars.

    Sounds like a happy 2019 Christmas and a crappy new year for automakers in Europe in 2020.
    I was thinking the same, this could be part of the reason GM left, knowing this would just acerbate profitability issues...

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    Re: 2020 European Union start to hit Automakers with 34 billion Euro CO2 emission fin

    This is the suicide squeeze. What's the EU's Politbureau trying to do here exactly?

    Quote Originally Posted by Ruperts Trooper View Post
    At least the manufacturers won't need to count UK sales after January 31st as we will (might!) be out of the EU by then.
    Let us pray. For the will of the people, vs. the will of the bureaucrats and Central Planners/Dictators.
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    Good. Fine the criminals. Clean air is a right, not something for corporate swine to pollute.

    All sorts of ailments from cancer to autism have been linked to air pollution. Corporations have to pay.

    Quote Originally Posted by Ruperts Trooper View Post
    At least the manufacturers won't need to count UK sales after January 31st as we will (might!) be out of the EU by then.
    Brexit out of Ireland while at it.

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    Re: 2020 European Union start to hit Automakers with 34 billion Euro CO2 emission fin

    Quote Originally Posted by Self Reliance View Post
    Brexit out of Ireland while at it.
    The people of Northern Ireland have the absolute right to self-determination - despite voting Remain in the EU referendum, they'd rather be part of the United Kingdom out of the EU than part of Ireland within the EU.

    If you want to campaign for a united Ireland, you''ll need to do it through the ballot box.

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    Re: 2020 European Union start to hit Automakers with 34 billion Euro CO2 emission fin

    Quote Originally Posted by Neanderthal View Post
    This is the suicide squeeze. What's the EU's Politbureau trying to do here exactly?



    Let us pray. For the will of the people, vs. the will of the bureaucrats and Central Planners/Dictators.
    In principle, it's no different to CAFE.

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    Re: 2020 European Union start to hit Automakers with 34 billion Euro CO2 emission fin

    Quote Originally Posted by Self Reliance View Post
    Good. Fine the criminals. Clean air is a right, not something for corporate swine to pollute.

    All sorts of ailments from cancer to autism have been linked to air pollution. Corporations have to pay.



    Brexit out of Ireland while at it.
    Suing and taxing corporations to force them change their products is not new. Sometimes it works other times it doesn't. Consistent with this view on 26 June 2019, the Court of Justice of the European Union (CJEU) held that citizens can challenge the lack of adequate air quality plans which include the standards and timing of remediation plans by private industry. This includes suing to shut down the 250 remaining coal fired electric plants and converting to natural gas coming into Europe via the Nordstream pipeline from Gazprom. Enforcement the rules and laws can have unintended consequences. The diesel, gas and carbon tax in France created the yellow vest movement with a governmental retreat so a Plan B can be crafted. Fining European car companies over CO2 emissions is causing the rapid design of electric vehicles and the off shoring of European gas and diesel vehicles to the US, Mexico and China. The CEOs of the German auto manufacturers have warned that auto employment in Europe will shrink drastically. Will the EU be able to tax European auto companies for profits on vehicles built and sold outside of Europe? Unclear under current tax treaties. If the profits were consolidated against losses in Europe due to EV development costs and slow adoption by EU vehicle customers it may not matter.

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    Re: 2020 European Union start to hit Automakers with 34 billion Euro CO2 emission fin

    And the EU wonders why it's economy is in such trouble??!??

    Can anyone do 2nd grade math?

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    Re: 2020 European Union start to hit Automakers with 34 billion Euro CO2 emission fin

    Quote Originally Posted by Self Reliance View Post
    Good. Fine the criminals. Clean air is a right, not something for corporate swine to pollute.

    All sorts of ailments from cancer to autism have been linked to air pollution. Corporations have to pay.



    Brexit out of Ireland while at it.
    The Irish can either stay with the English world or go under German rule. Its repeating itself all over again. The Poles will leave the EU. Watch this space. The divide coming.

    The EU is clearly undemocratic.


    The United States will probably push hard to buy Greenland in the next few years and for good reason.

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    Re: 2020 European Union start to hit Automakers with 34 billion Euro CO2 emission fin

    Quote Originally Posted by mbukukanyau View Post
    The Irish can either stay with the English world or go under German rule. Its repeating itself all over again. The Poles will leave the EU. Watch this space. The divide coming.

    The EU is clearly undemocratic.


    The United States will probably push hard to buy Greenland in the next few years and for good reason.
    You can't buy something that's not for sale - or is some other method planned?

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    Re: 2020 European Union start to hit Automakers with 34 billion Euro CO2 emission fin

    GM getting out looking better all the time.
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    Re: 2020 European Union start to hit Automakers with 34 billion Euro CO2 emission fin

    Quote Originally Posted by mbukukanyau View Post
    The Irish can either stay with the English world or go under German rule. Its repeating itself all over again. The Poles will leave the EU. Watch this space. The divide coming.

    The EU is clearly undemocratic.


    The United States will probably push hard to buy Greenland in the next few years and for good reason.
    And Rupert, the seed has been planted. A yooj influx of dollars into Denmark's coffers is a temptation. Every man has his price. Suppose the Chinese decided to seize Greenland?

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    Quote Originally Posted by Ruperts Trooper View Post
    Quote Originally Posted by mbukukanyau View Post
    The Irish can either stay with the English world or go under German rule. Its repeating itself all over again. The Poles will leave the EU. Watch this space. The divide coming.

    The EU is clearly undemocratic.


    The United States will probably push hard to buy Greenland in the next few years and for good reason.
    You can't buy something that's not for sale - or is some other method planned?
    Quote Originally Posted by Neanderthal View Post
    Quote Originally Posted by mbukukanyau View Post
    The Irish can either stay with the English world or go under German rule. Its repeating itself all over again. The Poles will leave the EU. Watch this space. The divide coming.

    The EU is clearly undemocratic.


    The United States will probably push hard to buy Greenland in the next few years and for good reason.
    And Rupert, the seed has been planted. A yooj influx of dollars into Denmark's coffers is a temptation. Every man has his price. Suppose the Chinese decided to seize Greenland?

    Alaska="Seward's Folly."
    We have the space Force, they do not.

    Greenland will be bought.

    Anyway, Denmark will be made an offer it cannot refuse.
    Last edited by mbukukanyau; 11-17-2019 at 07:41 PM.

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