Carmakers on course for $2-12bn fines for missing EU CO2 targets, warns Moody's

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EU carmakers could face fines for failing to meet emissions standards
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EU carmakers could face fines for failing to meet emissions standards

Ratings agency warns of possible credit downgrades, while the UK's auto lobby says 'anti-diesel' agenda has made targets harder to reach

Carmakers are on course to be hit with EU fines of between €2.4-11.2bn euros ($2.7-12.6bn) for failing to meet the bloc's emissions targets in just two years time, ratings agency Moody's said on Thursday....

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