Carmakers will be the scapegoats for climate change – Lehman Brothers
11th April 2007
According to a study by the US investment bank Lehman Brothers reported by Le Monde (but not on the bank’s own website) European car manufacturers may be the ‘first victims’ of climate change, since populist politicians and their electorates, more ecologically-minded customers than their U.S. and Japanese counterparts, and particularly severe emissions limits, will cast them as the chief scapegoats for the ill effects of climate change. The bank’s study suggests Renault will be at less risk in this respect than other European competitors, notably the German manufacturers of large-capacity cars.
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