Citigroup warns European car makers of need to adapt to CO2 threat
Fri 05 January 2007
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Leading investment bank, Citigroup, has published a new report which cautions investors in the auto sector to take note of the intensifying CO2 emissions debate in Europe.
Citigroup points to the possibility that there will be regulation to reach a 120g/km average CO2 emissions target and also draws attention to the other initiatives being drawn up by policy makers throughout Europe which are being designed to cut car emissions.
The report - "CO2 - A New Auto Investor Issue for 2007: Time to Take Note of Mix Threat to European Automakers" - lists BMW, DaimlerChrysler and Porsche as the most vulnerable car makers in the changing policy environment and concludes that Renault, Fiat and PSA may offer better investment prospects.
Another recent report by investment bank Merrill Lynch also pointed to the need for auto investors to adapt their operations to the regulatory and market pressures driving demand for more fuel efficient and cleaner cars. (See link below)
Related Documents
Citigroup report download link
Merrill Lynch report link
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