Watch European Auto Stocks as EU Sets Tougher Emission Targets

(Bloomberg) -- European auto stocks may come under pressure on Wednesday after European Union governments proposed tougher car-emission reduction targets for 2030.

  • EU environment ministers set a CO2-reduction target of 35% compared to 2021 levels, higher than the maximum 30% cut Germany had been pushing for
    • READ Oct. 8: Automakers Lose Policy Clout in EU as Tougher Emission Caps Loom
  • Watch European carmakers for any reaction to the new caps, including Volkswagen, BMW, Daimler, Fiat Chrysler, Renault and Peugeot

©2018 Bloomberg L.P.