Hello Folks,
a new-appearing discussion over here after the European parliament
strongered the laws concerning particles in the air. They stated a max.
Limit of particles that should be not crossed more than 35 days/year.
Cities like Munich just reached these 35 days in the first 3 months in
2005 and consider about driving bans or limited traffic in the city
itself.
You just have these bans in South-Tirol/Italy, you´re not allowed to
drive through Bozen, Meran etc. With a Diesel-car older than 1995.
At least another trick to make you feel guilty, the newest
ADAC-newspaper shows up, that most particles come from industrial firms
or so:
18% - several sources
19% - industry
13% - power plants
10% - Cabbage combustion in house holds
5 % - agriculture
23% - heavy traffic by trucks
12% - cars
They complain that most particles are not produced inside the cities but
blown with the wind IN the cities, the more smally the farther they go..
Fact especially for Germany: 40 years ago about 3 million TONS fine-dust
were blown in Germany´s air ( West and East ), in 1990 this worth gone
down to 1,9 Mio tons. For the car-traffic: 61.ooo tons in 1990, 15 years
later 35.ooo tons..
Cheers
Jürgen
-----Ursprüngliche Nachricht-----
Von: peugeot-L@yahoogroups.com [mailto:peugeot-L@yahoogroups.com] Im
Auftrag von Dan Midtdal
Gesendet: Dienstag, 3. Mai 2005 19:23
An: peugeot-L@yahoogroups.com
Betreff: [Peugeot-L] Particle filters for Peugeot Diesels
Folks:
Maybe we can get our diesels retrofitted with the new filter technology.
Dan
Reuters / May 03, 2005
HAMBURG -- New German rules promoting soot filters on diesel-powered
cars are set to hit car finance companies and dealers here by slashing
the value of vehicles that don't have the technology, industry officials
say.
After weeks of sometimes shrill public debate about the health impact of
diesel exhaust, the federal cabinet is due next week to approve tax
breaks for particle filters which capture the harmful dust that diesel
motors emit.
That will in one fell swoop chop the book value of unfiltered vehicles
that companies have financed or leased, and present a huge headache for
dealers who are estimated to have more than 200,000 unsold and
unfiltered diesels on their lots.
Such a blow would be bad news for carmakers counting on healthy profits
from their finance arms to bolster earnings at a time of slack sales in
Europe's biggest car market.
The government is supposed to address the proposed tax breaks on May 11.
A subsidy of 250 euros ($321) is being discussed for cars retrofitted
with filters, while the break for installing them on new cars is still
being debated.
"It will come to model-specific adjustments for leasing rates and to
value adjustments," said Alexandra Kurth-Schiffbauer, spokeswoman for
Ford Financial, Germany's fourth-largest car lender.
She declined to estimate just how much prices for unfiltered cars might
fall. "But we are watching the situation closely and will react by
adjusting residual values if needed," she added.
Volkswagen's VW Bank would say only that the issue would not affect it
alone and that financing would be agreed with individual dealers.
EXODUS TO THE EAST?
DaimlerChrysler's bank, the German sector's second biggest, expects the
value of unfiltered diesels to take a hit, a spokesman said, but added
it had already taken this into account in its twice-yearly calculations.
The problem was not a serious factor for premium brand Mercedes-Benz,
which already sells around 80 percent of its cars with a filter in
Germany.
The car banks' industry association said its members would be protected
by manufacturers' obligation to buy back vehicles.
"There is no reason for car banks to revalue (unfiltered diesels) ...
because they have concluded comprehensive repurchase agreements with the
respective parent companies," it said.
But this would simply shift the financial burden within the group.
Estimates vary on just how much car prices will fall.
"The average used car will lose 10 percent in value," said Helmut
Bluemer, spokesman for the ZDK German Association for Motor Trade and
Repairs.
This is slighlty higher than an estimate from EuotaxSchwacke, which
specializes in valuing used cars. It calculates, for instance, that a
Mercedes C-class model with a particle filter was worth 7 percent more
than the same model without a filter.
French carmakers have benefited from the debate in Germany. Schwacke
found that fitting Peugeot's cars with particle filters as standard
equipment had boosted their value 5 percent on average.
ZDK's Bluemer played down the issue as "not a problem".
"Very old cars that are not worth retrofitting with filters will go to
other markets, to the East," he said, likening this to the emigration of
cars without catalytic converters in the 1980s.
Copyright 2005 Reuters Limited. Click HERE for restrictions.
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Received on Wed May 4 05:53:14 2005
