Auto Industry CEOs Unite In Rare Vow To Tackle Climate Change

Author: Joann Muller, Forbes (USA), Published on: 14 December 2015

…13 auto industry chief executives from the U.S., Europe and Asia had pledged to accelerate the development of cleaner vehicles to reduce harmful greenhouse gas emissions. As a group, the companies said they would…[1] Contribute to the goal of a decarbonized transportation sector. [2] Continue improving the internal combustion engine, while also developing new energy-efficient drivetrains. [3] Advocate for policies that place a value on greenhouse gas reduction, such as incentives for advanced technology vehicles, and other policies, including better urban planning to reduce congestion. [4] Harness the potential of new technologies and the sharing economy to provide new and flexible mobility options…The group of CEOs plans to meet again this January in Davos, Switzerland, to begin plotting how to turn their pledge into action. While the goals are admirable, the agreement lacks teeth because there is no timetable attached to it and because it comes at a time when the industry is under fire for skirting emissions and safety regulations…[Also refers to Fiat Chrysler, Ford Motor, General Motors, Hyundai Motor, Mahindra & Mahindra, Nissan-Renault Alliance, Toyota Motor, Volkswagen Group, Volvo Group.]

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Related companies: Fiat (part of Fiat Chrysler) Fiat Chrysler Ford General Motors Hyundai Kia Motor Hyundai Motor (part of Hyundai Kia Motor) Mahindra & Mahindra Nissan Toyota Volkswagen Volvo Group