In brief | 13 September '24

Bloomberg: EU car lobby aims for two-year delay of 2025 emissions targets

Informal paper says car industry faces fines up to €16 billion.

Reuters: DSV to create global logistics giant with $15.9 billion Schenker takeover

Denmark's DSV has agreed to buy Schenker, the logistics arm of German state rail operator Deutsche Bahn, for 14.3 billion euros in a deal that would make it the world's biggest logistics company.

Reuters: Iberdrola, BP to build 25-MW green hydrogen project in Spain

The project, which will benefit from a 15-million-euro EU subsidy, is designed to help BP reduce the carbon footprint of its oil refinery located in Castellon, the two companies said in a joint statement.

Financial Times: Northvolt shows Europe’s battery makers face make-or-break moment

Measures to help manufacturers already exist; they just need to be implemented.