Stellantis, a major automaker, welcomed the European Commission’s plan to extend the deadline for meeting new CO2 emission targets for cars and vans, stating it was a positive step towards maintaining competitiveness while pushing for electrification. The EU’s new proposal allows automakers until 2027 to reach their emission targets, incentivizing the production and sale of electric vehicles to avoid fines, ultimately aiming for zero emissions by 2035. European automakers saw a boost in their stock prices following the announcement, with the proposal still pending approval from EU countries and the European Parliament.
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Trump tariffs latest: Starmer insists UK ‘ruling nothing out’ as president prepares to spark global trade war
Sir Keir Starmer stated that the UK is preparing for all possibilities and keeping all options open in response to Donald Trump's potential import tariffs, causing global stock markets to be on edge. European and Asian stocks faltered as investors and world leaders expressed concerns over the impact of Trump's proposed trade barriers, set to be announced later. Amid warnings of potential harm to the UK car manufacturing industry, Sir Keir emphasized that a trade...
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