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• Five of Europe's leading vehicle manufacturers have signed a

23rd February 1989
Page 12
Page 12, 23rd February 1989 — • Five of Europe's leading vehicle manufacturers have signed a
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£41 million fouryear agreement to develop a new diesel engine with low emissions. The Integrated Diesel European Action project (IDEA) involves Fiat, Peugeot, Renault, Volkswagen and Volvo. The resulting engine is likely to power light commercials and cars in the mid-1990s.

• Fears that Range Rovers could be subject to a 25% import duty in the United States appear to have been allayed by a US Treasury ruling. This states that commercial vehicles with side windows, a rear door and rear seats are classifiable as people transporters and are therefore taxed at the 2.5% level attributed to cars.

• Worldwide sales of Mercedes trucks increased by 18% last year to £7.14 billion, and truck output was up by 10%. The strong performance from the truck division helped offset difficult trading conditions in other markets. Car sales, for example, were up by only 1%