TITLE

Europeans use much of r&d budgets to meet 2008 emissions standards

AUTHOR(S)
Bolduc, Douglas A.
PUB. DATE
December 2003
SOURCE
Automotive News;12/29/2003, Vol. 78 Issue 6073, p16D
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
European automakers and suppliers are investing up to half of their r&d budgets to meet a self-imposed 2008 carbon dioxide emissions reduction target, according to information gathered by SupplierBusiness.com. The estimated r&d cost is $43 billion a year, according to the research company, which is in Stamford, England. Industry engineers say they are racing to develop a wide range of powertrain technologies and systems to improve fuel efficiency. Ralf Bergner, CEO of CLEPA, the European suppliers association, said he knows of no cases in which automakers are sponsoring supplier r&d on powertrain features.
ACCESSION #
11862469

 

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