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EU car-emission goals force Skoda to upgrade model strategy: CEO

From Reuters - November 8, 2017

BERLIN (Reuters) - The European Unions new car emissions targets will require Volkswagens (VOWG_p.DE) lower-cost division Skoda to upgrade its model strategy, its chief executive said.

The European Unions commission proposed earlier on Wednesday that carmakers reduce average CO2 emissions by 30 percent by 2030 compared with 2021 levels and aim to achieve an interim reduction of 15 percent by 2025.

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