GRANDOLA, Portugal -- The Peugeot brand will not have to pay fines on emissions for its European sales in 2020, its CEO said.
“Our October production that will turn into registrations in January is already fully compliant with the average of 93 gram per kilometer of CO2 the Peugeot brand has to achieve next year,” brand CEO Jean-Philippe Imparato told Automotive News Europe on the sidelines of a media event here on Oct 1.
Imparato said paying fines is not an issue at Peugeot, which starting next year will check its average CO2 emissions against EU registrations every week.
“We do not need to force self-registrations of high-emitting models by year-end because we are already aligning production with next year's emissions needs,” he said.
Analysts have warned that automakers could be hit with billions of euros in fines for missing the European Union’s fleet CO2 emissions reduction target, imposed to reduce the impact of climate change.
The growing popularity of SUVs, which are less fuel efficient than hatchback or sedan equivalents, and bans on older diesels in some European cities are among factors hurting car companies' ability to reduce emissions.