Fiat Chrysler will pay hundreds of millions of euros to the Tesla for pooling its fleet: Financial Times



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

(Reuters) – Italian automaker Fiat Chrysler Automobiles NV (FCA) has agreed to pay the automaker Tesla Electric Inc. hundreds of millions of euros reported on Sunday.

This measure will allow the Italian manufacturer to offset the carbon dioxide emissions of its cars against those of Tesla, by reducing its average figure to an authorized level, announced the FT.

The report did not mention any other financial details regarding the specific amount Fiat Chrysler had agreed to pay Tesla.

The Italian manufacturer formed an open pool with Tesla on February 25, the report adds, citing a statement to the European Commission.

Tesla did not immediately respond to a request for comment Sunday. Fiat Chrysler has not addressed directly the amount it would pay, but added that it would "optimize the compliance options proposed by the regulations."

"FCA is committed to reducing emissions from all of our products … The buying group offers the flexibility to deliver the products that our customers are willing to buy while managing the respect of the company." approach of the lowest cost, "added FCA in a statement.

Report by Kanishka Singh and Mekhla Raina in Bengaluru; Edited by Jacqueline Wong / Mark Heinrich

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