Leading investment analysts report focuses on clean car evolution
Wed 11 October 2006
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Merrill Lynch, the leading investment bank, has published a report outlining the investment opportunities presented by the regulatory and market pressures driving demand for more fuel efficient and cleaner cars.
The executive summary of the report - written in the US but with an international orientation - says that the auto industry is not well served by "weak and vacillating regulations which only perpetuate regulatory uncertainty".
However, the pursuit by companies of short-term or tactical opportunities presented by regulatory 'loopholes' is not a strategy that creates long term shareholder value, it continues. It will be better, it says, for the industry and for investors, if governments develop a clear, coherent and long term regulatory path for the industry to improve fuel efficiency and reduce emissions.
Merrill Lynch has produced the report - entitled: 'Energy Security and Climate Change: Alternatives for the Clean Car Evolution' - in collaboration with the World Resources Institute.
Related Links
Merrill Lynch/WRI Report download (950kb)
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