Ferrari has announced that they will reduce the fuel consumption by 40% by 2012 in response to the growing pressure on car makers to reduce CO2 emissions. Also the CO2 emission will be reduce by 400 grams per kilometer per vehicle to 280-300.

"We have to face the challenge of reducing consumption but not affecting the performance of the car," he said at the Reuters Auto Summit in Frankfurt. "Otherwise we move (away) from our position in the market and we do not want to do that."

The European Commission is preparing legislation to require average CO2 emissions from new cars to come down to 120 grams per km by 2012.

Source: Reuters

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