Porsche 2008 Annual Report Download - page 126

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excess of the limit, 20 Euro for the second gram,
45 Euro for the third and 95 Euro for the fourth.
The fleet value will be calculated annually. In oth-
er words, penalties could be incurred annually.
It is intended that the new EU CO2 regulation will
apply until 2020 after which the CO2 regulations
are likely to become tighter. The initial target is
a mean emission of 95 g/km for the entire Euro-
pean fleet, which translates into a further 25 per-
cent reduction in fuel consumption. However,
before a corresponding resolution is passed, the
feasibility and above all extent of a stricter limit
should be examined from 2013 onwards.
Porsche vehicles more fuel-efficient
At Porsche, accountability for actions and eco-
nomic success are inextricably intertwined. This
is why conservation has formed an integral part
of company policy for many years. As early as
1995, Porsche undertook to conserve resources
and limit its impact on the environment. This is
also made clear by the principles of the Com-
pany’s environmental policy:
– Porsche develops, produces and sells high-
quality, exclusive sports cars to very high
dards, including with regard to the
environment.
– Porsche wants to conserve resources and
limit its impact on the environment as much
as possible.
Specific technological innovations that contrib-
ute to reducing CO2 emissions, i.e. ecological
innovations, can also be taken into account.
LED headlights, for example, use less electric-
ity and therefore less fuel, but are not taken in-
to account by any of the criteria previously men-
tioned. However, such measures may only be
credited to a manufacturer up to a maximum
value of seven g/km. Legislators also have to
draw up clear rules for accreditation by 2010.
Risk of severe penalties
In order to give all manufacturers sufficient
time to adjust, the new law will be introduced
on a step-by-step basis. In 2012, only 65 per-
cent of all of a manufacturer’s new registra-
tions will be taken into account, then 75 per-
cent in 2013, 80 percent in 2014 and then
all vehicles in the following year. However, in
order to give companies an incentive to offer
fuel-efficient vehicles within as short a time
as possible, each new vehicle with CO2 emis-
sions below 50 grams will count three and
a half times in 2012 and 2013. This multiplier
will be reduced to 2.5 in 2014, and 1.5 in
2015. From 2016, even exceptionally environ-
mentally friendly vehicles will only be taken
into account once.
High penalties will ensure compliance. If a Com-
pany does not manage to meet its individual tar-
get, it must pay five Euro for the first gram in
Environment
To our shareholders Financials
The Company