The European Parliament is backing off from stringent draft legislation that would have required automakers to take back old cars and bear the full cost of recycling or reusing them by 2006. Lawmakers are now considering a plan that would split disposal costs between manufacturers, car owners, and scrap yards. The more strict draft law caused a stir earlier this year among European automakers, which complained that it would cost them more than $1 billion a year. The EU is also drafting “take back” laws for electrical and electronic goods.
