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Porsche says it will beat next deadlines for EU emissions rules

Porsche AG, the maker of the 911 Carrera sports car, said it plans to beat the European Union's next two sets of tighter vehicle-emissions standards by as much as six years.

The carmaker plans to achieve both the so-called Euro 5 and Euro 6 standards by 2008, Stuttgart, Germany-based Porsche AG said in a faxed statement. The company is also developing flexible-fuel vehicles that can run on a gasoline mixture that includes as much as 85% ethanol, Porsche said. Euro 5 standards, aimed at reducing cars' and vans' nitrogen-oxide and particle emissions, take effect in September 2009 and the Euro 6 rules, which tighten diesel models' nitrogen- oxide exhaust limits further, will be implemented in January 2014, according to the European Union's Web site. Porsche said in September 2005 that it would develop a hybrid gasoline-electric powered version of the Cayenne sport-utility vehicle. The company said today that it expects the model, using an engine developed jointly with partner Volkswagen AG, to come onto the market this decade. (Bloomberg)