tighten limitsThe European Automobile Manufacturers' Association's Director General Sigrid de Vries said the draft law was "a prime example" of regulation that would add complexity and uncertainty as the industry struggles with "key decisions and investments".
At the same time, it would not bring "the environmental benefits it claims to deliver," de Vries added in a statement. Some carmakers have said Euro 7 would force them to invest in technology for combustion engine models when they have already allocated tens of billions of euros for new zero-emission electric vehicles .
Europe's leading car-making nation Germany has upset separate negotiations on phasing out fossil fuel vehicles by 2035 with aThe ACEA said Euro 7 would bring only a marginal improvement over current standards, while raising the average new car price by 2,000 euros , forcing many people to keep older polluting models instead of buying new vehicles.
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European stocks slide as Credit Suisse buyout fails to soothe investorsEuropean stocks fell on Monday and shares of Credit Suisse dived more than 60% after UBS agreed to buy the troubled bank in a $3 billion deal, valuing the Swiss lender at just a fraction of its market value and sparking fears of a broader banking crisis. 2022 year of horror 2023 year of rebellion, 2024 year of solution, 2025 is the year of implementation of the new monetary system, Then you will live happily without owning anything... What is this headline? 17 billion in tier-1 bonds were marked as worthless. The bank itself sold for a fraction of its worth. And someone thought this would “soothe the markets?”. It’s an enormous scandal and shock. I mean, has the deal even finalised yet ‘T’s crossed and ‘I’s dotted? I don’t blame them for being apprehensive
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Credit Suisse Shares Plunge 60% And European Bank Stocks Slide After UBS RescueOil prices and global shares fell after UBS unveiled plans to buy its struggling Swiss rival Credit Suisse for $3.2 billion over the weekend. Euro could've been world's currency, alas! for US luitenents in EU. After SVB, Credit Suisse is the second bank to be rescued, probably not the last one. - CS shareholders just lost a lot of money with this sale. - All major banks just got a huge hit in the stock markets. Guys, you should all think about crypto as an alternative option.
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