VW Sets Aside DM 1bn For ELVD

The European End of Life Vehicle directive (ELVD), due to come into force in 2007, has threatened to be expensive for car manufacturers. Just how expensive is shown by press reports that Volkswagen has announced that it will be setting aside DM 1 bn in order to comply. BMW has already set aside half this figure and Daimler/Chrysler up to DM 400 m.