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Stock impact report

German court to rule on city bans for diesel cars [Reuters]

Barclays PLC (BCS) 
Company Research Source: Reuters
German court to rule on city bans for diesel cars | Reuters Reuters Staff 4 Min Read BERLIN, Feb 27 (Reuters) - Germany’s top administrative court will decide on Tuesday whether cities in Europe’s biggest auto market can ban diesel cars, potentially wiping hundreds of million of euros off the value of up to 12 million vehicles. Since Volkswagen was found in 2015 to be cheating on emissions tests in the United States, diesel emissions containing toxic nitrogen oxide (NOx) which is known to cause respiratory disease, have come under close scrutiny. The environmental lobby DUH sued Stuttgart and Duesseldorf to force them to implement driving bans, after about 70 German cities were found to have NOx levels exceeding European Union limits. The German states of Baden-Wuerttemberg and North Rhine-Westphalia have appealed against the decisions, leaving the federal administrative court in Leipzig to rule on whether such bans are legal. The Leipzig tribunal was expected to announce its decision Show less Read more
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