European targets for reducing greenhouse gas emissions threaten jobs in the EU, Germany’s powerful car industry federation said on Wednesday after ministers set new goals. "It’s already clear that the EU will not reach these over-ambitious objectives for its car industry, and no comparable goal has been set anywhere else in the world," German Association of the Automotive Industry president Bernhard Mattes said. A pillar of the German economy, the industry employs up to 800,000 people. "The European car industry will be more heavily burdened in international competition than its challengers ... this is gambling with jobs and weakening Europe as a production site," Mattes said. European ministers reached a hard-fought deal on Tuesday to reduce carbon dioxide emitted from new cars by 35% by 2030. That was already a compromise, as Germany and some eastern EU nations resisted a push from France and the Netherlands for even bigger reductions. Responding to the vehicle manufacturers’ crit...

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