Milan, October 20th, 2010

Today, the environmental organization Terra! and Volkswagen Leasing signed a Cleaner Car Contract; the objective of the long-term rental and fleet management company owned by Volkswagen Group, is to bring its cars fleet to an average CO₂ emission of 130 g/km by 2012.

This is a cooperation born from the common effort to go beyond the limits of reducing CO₂ emissions on cars by the European Union which requires the industry to sell cars that emit on average no more than 130 g/km CO₂ by 2015.

"We are proud to partner with long-term car rental companies such as Volkswagen Leasing, that with this agreement exceeds the demands of the European legislation; and speeding up the introduction of more fuel efficient cars is absolutely crucial in tackling the challenge of decarbonization in the transport sector" - Daniel Monetti, Executive Director of Terra! said.



"The use of more fuel efficient cars will save money. Cleaner Car Contracts are not just the right choice for the environment, but also for renting companies like ours and our customers: for a company, infact, rent a fuel efficient car means lower fuel consumption, less CO₂ emissions and thereby reducing the TCO, or Total Cost of Ownership of its vehicles." - Vincenzo Condorelli, Country Manager of Volkswagen Financial Services Italy said.