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California electric car manufacturer Tesla will come to the rescue of Fiat Chrysler (FCA) to avoid European fines due to exceeding the future carbon dioxide emission standards, the car manufacturer said on Sunday. Italian-American.
"FCA's commitment is to reduce emissions from all our products, and at the same time we will make the most of the regulatory options to meet the standards," FCA said in a statement to AFP, confirming a Financial Times (FT) information.
According to the British business daily, FCA has agreed to pay Tesla "hundreds of millions of dollars" so that the emissions of CO2 – obviously zero – vehicles of the brand led by Elon Musk are taken into account in its perimeter.
FCA, which did not provide details on the transaction, noted that "the philosophy of a carbon credit market is to implement the cheapest possible ways to reduce greenhouse gas emissions on the market. market".
Tesla will naturally lower average FCA emissions once they enter the equation, allowing them to reach "an acceptable level," says the FT. EU rules in this area allow such an operation, even between separate companies.
This combination "provides flexibility to offer our customers vehicles that they are ready to buy, while achieving the standards at the lowest cost", concluded FCA (brands Fiat, Jeep, Alfa Romeo, Maserati … ).
Tesla did not react immediately.
New CO2 emission standards should start coming into force next year in the European Union, averaging 95 grams of CO2 per km.
Exceedances are punishable by heavy fines that could have reached 2021, according to Jefferies experts quoted by the FT, some 2 billion euros for FCA, whose range is poorly prepared at maturity.
In June 2018, FCA announced an investment of 9 billion euros in the electrification of its vehicles to adapt to "the rigidity that there is in Europe on CO2".
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