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    DAI   DE0007100000

DAIMLER AG

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BMW, Daimler sued for refusing to tighten carbon emissions targets - Handelsblatt

09/21/2021 | 01:10am EDT
IAA MOBILITY 2021 show in Munich

BERLIN (Reuters) - The heads of a German environmental NGO have sued automakers BMW and Daimler for refusing to tighten their carbon emissions targets and give up fossil fuel-emitting cars by 2030, Handelsblatt newspaper reported on Tuesday.

The NGO, Deutsche Umwelthilfe, confirmed to Reuters that the lawsuits had been filed on Monday evening.

In letters to the firms in early September, the companies were given until September 20 to agree to the NGO's demands, which also included limiting production of internal combustion engine (ICE) cars ahead of 2030.

Neither of the companies has so far set an end date for ICE car production.

BMW and Daimler confirmed to Reuters on Monday that they had not accepted the NGO's demands.

(Reporting by Victoria Waldersee, editing by Kirsti Knolle)


© Reuters 2021
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Financials
Sales 2021 167 B 193 B 193 B
Net income 2021 12 295 M 14 228 M 14 228 M
Net cash 2021 23 329 M 26 997 M 26 997 M
P/E ratio 2021 7,19x
Yield 2021 4,92%
Capitalization 89 492 M 104 B 104 B
EV / Sales 2021 0,40x
EV / Sales 2022 0,34x
Nbr of Employees 289 643
Free-Float 81,4%
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Number of Analysts 23
Last Close Price 83,65 €
Average target price 94,80 €
Spread / Average Target 13,3%
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Managers and Directors
Ola Källenius Chairman-Management Board
Harald Emil Wilhelm Chief Financial Officer
Bernd Pischetsrieder Chairman-Supervisory Board
Markus Schäfer Chief Operating Officer
Clemens A. H. Börsig Member-Supervisory Board
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