Porsche mulls legal action against proposed EU CO2 regulation: report
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German luxury sports car maker Porsche might take legal action if the EU pushes ahead with its proposed CO2 emissions limits, a press report said Friday.
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European commissioners criticise Germany for resisting a cap on industrial CO2 emissions in 2008-12.
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German Chancellor Angela Merkel on Tuesday pledged to oppose a strict European Union limit on cars' average carbon dioxide emissions, arguing that different models should face different caps.Comment
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BRUSSELS, Feb 10 (IPS) - Environmental groups are criticising European  Commission proposals for the bloc's policy on climate change  post-2012, saying they fail to establish legally binding targets  for curbing greenhouse gas emissions.
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Toyota may provide hybrid technology for Porsche.
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The European Commission laid out a broad new strategy to cut carbon dioxide emissions from cars on Wednesday, proposing binding limits which automakers say will threaten jobs and lead to big price increases for consumers.
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BRUSSELS -- The European Commission proposed yesterday binding rules to require carmakers to cut carbon dioxide emissions for new cars, provoking criticism from the European automobile industry as well as from environmentalists who said the regulations did not go far enough.
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Porsche, the German maker of luxury sports cars, wants to extend working hours and cut jobs, its chairman said in a newspaper interview on Wednesday.
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"The European Commission has let car makers drive away with a proposal that sets a weak, short-term standard ... and offers an open road to heavy, gas-guzzling vehicles"  Automobile manufacturers will have to limit car emissions in Europe by 2012 or face big fines, under proposals released Wednesday by the European Union. via MLive.com
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The European Union has proposed that car advertisements shown in member countries carry tobacco-style labels warning of the environmental impact they cause.
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German financial markets are rife with speculation that Porsche intends to take over Volkswagen, and Porsche is acting as if it already calls the shots.
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MPs ask ministers for evidence that the EU Emissions Trading Scheme is delivering cuts in carbon dioxide.
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Germany's government plans to tax cars based on emissions instead of engine size to help tackle climate change, Transport Minister Wolfgang Tiefensee said.Comment
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The regional state authorities of Lower Saxony has denied a newspaper report that said they were seeking support from other shareholders in Volkswagen in the escalating battle for control of the German auto giant with luxury sports car maker Porsche.
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The European Union's head office decided Wednesday to take Germany to court to try to force changes in a German law protecting Volkswagen AG from hostile takeovers, according to an EU source.
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The European Union said Wednesday it would consider appealing a World Trade Organization ruling that found its subsidies to European sugar producers violate global trade rules.
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The EU Commission on Wednesday dragged Berlin to court over a law that shields carmaking icon Volkswagen from hostile takeovers, the culmination of a long campaign to break down barriers to foreign investment.