Mandatory Speed Limiters On All New Cars In Europe

Never before have I wanted a story to be fake news as much as I do this one.

Dubbed Intelligent Speed Assistance (ISA), the limiters will use GPS data and/or traffic sign recognition cameras to determine the speed limit of the road a vehicle is travelling on. Engine power will then be limited to match this, preventing the car from exceeding the speed limit. It will be possible to override the system by pushing hard on the throttle, however the system will be engaged every time a car is started.

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Hoping someone here can confirm this to be untrue.