HALISTER: EU Nations Agree on Car-Market Rules, Eye Talks With Parliament

EU Nations Agree on Car-Market Rules, Eye Talks With Parliament

(Bloomberg) -- European Union governments agree to a more centralized EU system for approving car models in response to Volkswagen’s emissions-test cheating.
  • EU industry ministers decide to give the European Commission, the bloc’s executive arm, the power to fine automakers as much as 30,000 euros per faulty car as part of draft legislation for greater Europe-wide market oversight
  • At their meeting in Brussels, the ministers approve a version of the draft law that would also permit the commission to carry out post-approval tests on cars
  • NOTE: Final EU endorsement of the new rules requires the ministers to iron out differences with the European Parliament, which set out its position last month
  • NOTE: April 4: EU Advances Revamp of Car-Market Oversight Amid VW Fallout Link

Alert: HALISTER
Source: BFW (Bloomberg First Word)

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VOW GR (Volkswagen AG)
0629846D BB (European Commission)

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