VW’s Skoda would lower 3,000 jobs if ‘Euro 7’ applied in present type By Reuters - Stock Region News



Sunday, March 19, 2023

VW’s Skoda would lower 3,000 jobs if ‘Euro 7’ applied in present type By Reuters

© Reuters. FILE PHOTO: Guests verify a Skoda car at a gross sales occasion in Shanghai, China Could 5, 2020. Image taken Could 5, 2020. REUTERS/Yilei Solar/File Photograph

PRAGUE (Reuters) – Czech carmaker Skoda must lower 3,000 jobs and axe some fashions if the European Union’s “Euro 7” emissions scheme is applied in its present type, a Skoda board member warned in a TV debate on Sunday.

The proposed Euro 7 legislation, which EU nations and lawmakers will begin negotiating this yr, would tighten limits on the emission by automobiles of health-harming pollution, together with nitrogen oxides.

The EU has mentioned the well being advantages of the measure would far outweigh the prices, however some automobile makers have warned it could impose unfeasibly costly growth prices. Daimler (OTC:) Vehicles chief Martin Daum for example mentioned on March 10 it could price the trade “billions”.

“If (Euro 7) is accepted on this form, it could imply for Skoda Auto to shut one plant, as a result of we might cease producing the smaller fashions – Fabia, Scala, Kamiq – which means 3,000 jobs (can be) hit at the very least,” Martin Jahn, a board member of Skoda, which is a part of Volkswagen (ETR:), mentioned in a televised debate.

General, greater than 10,000 jobs can be in danger within the Czech Republic, together with at Skoda’s suppliers, Jahn mentioned.

The three smaller fashions represented almost a 3rd of Skoda’s deliveries to prospects in 2022.

Transport ministers from the Czech Republic, Germany, Italy, Poland, Portugal, Romania, Hungary and Slovakia met on Monday to debate their efforts to vary the Euro 7 proposal.

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