

Please try another search
PRAGUE (Reuters) - Czech carmaker Skoda would have to cut 3,000 jobs and axe some models if the European Union's "Euro 7" emissions scheme is implemented in its current form, a Skoda board member warned in a TV debate on Sunday.
The proposed Euro 7 law, which EU countries and lawmakers will start negotiating this year, would tighten limits on the emission by cars of health-harming pollutants, including nitrogen oxides.
The EU has said the health benefits of the measure would far outweigh the costs, but some car makers have warned it would impose unfeasibly expensive development costs. Daimler (OTC:MBGAF) Trucks chief Martin Daum for instance said on March 10 it would cost the industry "billions".
"If (Euro 7) is approved in this shape, it would mean for Skoda Auto to close one plant, because we would stop producing the smaller models - Fabia, Scala, Kamiq - that means 3,000 jobs (would be) hit at least," Martin Jahn, a board member of Skoda, which is part of Volkswagen (ETR:VOWG_p), said in a televised debate.
Overall, more than 10,000 jobs would be at risk in the Czech Republic, including at Skoda's suppliers, Jahn said.
The three smaller models represented nearly a third of Skoda's deliveries to customers in 2022.
Transport ministers from the Czech Republic, Germany, Italy, Poland, Portugal, Romania, Hungary and Slovakia met on Monday to discuss their efforts to change the Euro 7 proposal.
Are you sure you want to block %USER_NAME%?
By doing so, you and %USER_NAME% will not be able to see any of each other's Investing.com's posts.
%USER_NAME% was successfully added to your Block List
Since you’ve just unblocked this person, you must wait 48 hours before renewing the block.
I feel that this comment is:
Thank You!
Your report has been sent to our moderators for review
Add a Comment
We encourage you to use comments to engage with other users, share your perspective and ask questions of authors and each other. However, in order to maintain the high level of discourse we’ve all come to value and expect, please keep the following criteria in mind:
Enrich the conversation, don’t trash it.
Stay focused and on track. Only post material that’s relevant to the topic being discussed.
Be respectful. Even negative opinions can be framed positively and diplomatically. Avoid profanity, slander or personal attacks directed at an author or another user. Racism, sexism and other forms of discrimination will not be tolerated.
Perpetrators of spam or abuse will be deleted from the site and prohibited from future registration at Investing.com’s discretion.