An industry body for European car manufacturing is warning of millions of job losses in the face of likely climate regulation fines in an internal paper seen by dpa on Saturday. The industry is not in a position to comply with an impending tightening of EU climate regulations, according to the internal paper from the European Automobile Manufacturers’ Association (ACEA), and as a result “will face billions of euros of penalties.” To avoid the fines, industry will “have little choice but to significantly cut production, which threatens millions of jobs in the EU,” the internal paper says. The w…