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Automotive Industry

Fiat Chrysler to pool fleet with Tesla

epa04430006 The logo of Italian car manufacturer Fiat is seen on a car on display during the second press day of the Paris Motor Show (Mondial de l'Automobile) in Paris, France, 03 October 2014. The Paris Motor Show, which takes place every other year, runs from 04 until 19 October. EPA/IAN LANGSDON

The Financial Times reported that Italian carmaker Fiat Chrysler Automobiles NV has agreed to pay electric carmaker Tesla Inc hundreds of millions of euros so that the vehicles of Tesla are 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, by bringing down its average figure to a permissible level, the FT said.

The Italian carmaker formed an open pool with Tesla on Feb. 25, the report added, citing a declaration with the European Commission.

Via The Financial Times

 

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