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UPDATE 1-German court to rule on city bans for diesel cars [Reuters]

BARCLAYS (BCS)  More Company Research Source: Reuters
PDF UPDATE 1-German court to rule on city bans for diesel cars | Reuters Reuters Staff 4 Min Read * Leipzig court expected to announce decision at 1100 GMT * Potential buyers should wait for verdict - ADAC * Decision could massively reduce value of diesel cars (Adds comments from lawmakers, DUH, ADAC) By Andreas Cremer 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 causes 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 exceed European Union NOx limits. “Once it is clear there will be driving bans the [Read more]

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