A source in Brussels indicated that such an aggressive move on emissions could result in the closure of DaimlerChrysler, Audi, BMW and Porsche which would fail the commission's aim of turning Europe into a leader in green technology while boosting output and jobs. The European car industry's emissions average in 2005 was 163 grams and it will likely fail to achieve its voluntary target of cutting emissions to 140 grams by 2008.
Analysis: It's hard for a company to innovate when its bankrupt. I'm all for aggressive targets but I think what's going to get us to the hydrogen utopia we all desire is companies that are in a financial position to push forward R&D, not targets that will sink them. I wonder why the European Commission doesn't make the hard target 140 grams per kilometre, by say 2009, and put just enough pressure on the car makers to get real results instead of a political fight.