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Fiat Chrysler to pay Tesla hundreds of millions of euros to pool fleet
Source: Reuters
BUSINESS NEWS APRIL 7, 2019 / 1:19 AM / UPDATED 36 MINUTES AGO
Fiat Chrysler to pay Tesla hundreds of millions of euros to pool fleet
(Reuters) - Italian-U.S. carmaker Fiat Chrysler Automobiles NV (FCA) has agreed to pay electric carmaker Tesla Inc hundreds of millions of euros to allow Tesla vehicles to be counted in its fleet to avoid fines for violating new European Union emission rules.
The step will let the Italian carmaker offset carbon dioxide emissions from its cars against Tesla’s, bringing down its average emissions of the greenhouse gas to a permissible level, according to the Financial Times, which was first to report the agreement.
The report did not mention exactly how much Fiat Chrysler has agreed to pay Tesla.
Tesla did not respond to requests for comment on Sunday.
-snip-
Fiat Chrysler to pay Tesla hundreds of millions of euros to pool fleet
(Reuters) - Italian-U.S. carmaker Fiat Chrysler Automobiles NV (FCA) has agreed to pay electric carmaker Tesla Inc hundreds of millions of euros to allow Tesla vehicles to be counted in its fleet to avoid fines for violating new European Union emission rules.
The step will let the Italian carmaker offset carbon dioxide emissions from its cars against Tesla’s, bringing down its average emissions of the greenhouse gas to a permissible level, according to the Financial Times, which was first to report the agreement.
The report did not mention exactly how much Fiat Chrysler has agreed to pay Tesla.
Tesla did not respond to requests for comment on Sunday.
-snip-
Read more: https://www.reuters.com/article/us-fiat-chrysler-tesla-eu/fiat-chrysler-to-pay-tesla-hundreds-of-millions-of-euros-to-pool-fleet-idUSKCN1RJ03I