Germans To Further Shun Diesel Engines After Power Of Veto-Sales Cut 12% in 2017
Cars drive past Germany's Federal Administrative Court in Leipzig Thomson Reuters BERLIN (Reuters) - The German government played down the prospect of bans on heavily polluting diesel cars on Wednesday, a day after a court ruled that cities could implement bans, saying most cities with moderate overshoots of nitrogen oxide (NOx) could avoid them.
"We hope it comes to sensible national regulations", he said.
Vehicle manufacturers, including Porsche and Toyota, have also signalled that they will begin to leave the diesel technology. "The insecurity is growing".
The judges' decision is a blueprint for dozens of municipalities that struggle with excessive levels of smog-causing nitrogen dioxide, which is mainly emitted from diesel vehicles.
The court said it would be up to city and municipal authorities to apply the bans, but advised them to "exercise proportionality" in enforcing them, and to impose them gradually, granting exemptions for certain vehicles, such as ambulances, rubbish collection lorries and police cars.
Those who lengn life of ir old vehicles are in many cases those who have less resources.
For Bankinter, the main losers following the sentence will be Volkswagen; Daimler, BMW, while Toyota would be on the winners' side given its wide offer of hybrid cars. But he said the market in Europe, China, and elsewhere was already headed in that direction because of the big push toward electric vehicles and the damage done by the Volkswagen diesel-emissions cheating scandal.
Mallinckrodt (MNK) Issues Quarterly Earnings Results
Robeco Institutional Asset Management Bv owns 0.11% invested in Mallinckrodt Public Limited Company (NYSE:MNK) for 459,460 shares. Also, Mallinckrodt Public Limited Company (MNK ) needs to overturn a -68.18% decrease it experienced over the past twelve months.
Ares Commercial Real Estate (ACRE) Earning Somewhat Positive News Coverage, Study Shows
Keefe Bruyette & Woods maintained it with "Buy" rating and $11100 target in Thursday, June 8 report. Stifel Nicolaus maintained it with "Hold" rating and $11000 target in Monday, July 3 report.
Somewhat Favorable Media Coverage Somewhat Unlikely to Impact Apache (APA) Share Price
Lourd Capital Limited Liability Corp, California-based fund reported 38,723 shares. 273 are held by Whittier Tru Of Nevada Inc. Jvl Advisors Llc decreased its stake in Encana Corp (ECA) by 1.66% based on its latest 2017Q3 regulatory filing with the SEC.
Sales of diesel cars have been falling fast in Europe since the Volkswagen scandal, with fears of driving bans sending demand sharply lower in Germany in the past year.
Of course, this ban isn't coming in a vacuum-Rome has been afflicted by heavy air pollution for some time, and the city has tried a number of methods to reduce this.
It affects any diesel that doesn't meet the latest Euro-6 standard for cleaner emissions, around five in six cars in Europe now don't meet that, but all new ones sold do.
Ms. Merkel sought to downplay the prospect of widespread diesel driving bans, suggesting that numerous 70 German cities that regularly exceed pollution limits might be able to cut harmful emissions with other measures such as software upgrades in vehicles and converting bus and taxi fleets to electric power.
"The court has not issued any driving bans but created clarity about the law", the environment minister, Barbara Hendricks, said. "It's really not about the entire country and all vehicle owners", the chancellor said.
"It refers to individual cities, where you need to do more". Under EU rules, member countries are required to keep the gas to under 40 micrograms per cubic meter. Other measures such as pollution stickers are also feasible. Standards will again tighten in 2021, which means automakers risk fines as consumers desert diesel.
"This is a groundbreaking ruling, and one which we expect has set a strong precedent for similar action across Europe", Arndt Ellinghorst, an auto industry analyst in London with Evercore ISI, said in a note to clients. The ruling is "damaging to already-battered diesel sentiment".
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