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Tier 2 Bin 5 currently is the toughest diesel standard in the world. But the "Euro 5" emissions standard goes into effect in 2009 in Europe. So any changes that manufacturers would have to make for their cars to meet this standard by 2009 would have to be made to their 2009 model year cars that go on sale at the end of this summer. Otherwise they would have to do a mid-model year change in production.
Seriously, the Europeans should be able to pass at least some of these Euro 5 compliant cars through Tier 2 Bin 5 testing standards. Euro 5 and Tier 2 Bin 5 just aren't that far apart. And the 2014 Euro 6 standard is even slightly tougher than California's Tier 2 Bin 5.
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