Categories: world

Fiat Chrysler pays Tesla hundreds of millions of euros to pool fleet: FT

April 7, 2019 Business 1 Views FILE PHOTO: Fiat Chrysler Automobiles (FCA) headquarters seen in Turin, Italy, July 21, 2018. REUTERS / Massimo Pinca (Reuters) &#821 1; Italian car manufacturer Fiat Chrysler Automobiles NV has agreed to pay the electric car manufacturer Tesla Inc hundreds million euros so that vehicles in Tesla are counted in their fleet to avoid fines for breaking new EU emission rules, the Financial Times reported on Sunday. The step will allow the Italian car manufacturer to offset carbon dioxide emissions from their cars against Tesla by lowering its average figure to a permissible level, FT said. The report did not mention further financial details about the specific amount that Fiat Chrysler has agreed to pay for Tesla. The Italian car manufacturer formed an open pool with Tesla on February 25, in the report, referring to a declaration with the European Commission. Tesla and Fiat Chrysler did not immediately respond to a Reuters request for comment on Sunday. Reporting by Kanishka Singh in Bengaluru; Editing by Jacqueline Wong Our Standards: Thomson Reuters Trust Principles. Source link

FILE PHOTO: Fiat Chrysler Automobiles (FCA) headquarters seen in Turin, Italy, July 21, 2018. REUTERS / Massimo Pinca

(Reuters) &#821

1; Italian car manufacturer Fiat Chrysler Automobiles NV has agreed to pay the electric car manufacturer Tesla Inc hundreds million euros so that vehicles in Tesla are counted in their fleet to avoid fines for breaking new EU emission rules, the Financial Times reported on Sunday.

The step will allow the Italian car manufacturer to offset carbon dioxide emissions from their cars against Tesla by lowering its average figure to a permissible level, FT said.

The report did not mention further financial details about the specific amount that Fiat Chrysler has agreed to pay for Tesla.

The Italian car manufacturer formed an open pool with Tesla on February 25, in the report, referring to a declaration with the European Commission.

Tesla and Fiat Chrysler did not immediately respond to a Reuters request for comment on Sunday.

Reporting by Kanishka Singh in Bengaluru; Editing by Jacqueline Wong

Our Standards: Thomson Reuters Trust Principles.


Source link

Share
Published by
Faela