Friday, 19 April, 2019

FCA joins hands with Tesla to meet stricter European Union emissions regulations

Fiat Chrysler to pay millions of dollars to Tesla to avoid getting hit by European Commission fines Fiat Chrysler to pay millions of dollars to Tesla to avoid getting hit by European Commission fines
Priscilla Morrison | 09 April, 2019, 15:29

So flow for the calculation of the CO2-limit-average of the FCA-a fleet in the future also the CO2-neutral vehicles in the electric auto pioneer Tesla.

According to new reports, to avert potential penalties and possible sanctions from European Union regulators, Fiat has now sought the help of Tesla Inc to try and save it millions of dollars in the latest rounds of newly updated emission rules.

A statement by the Italian-US firm confirmed a report in the Financial Times that FCA is paying Tesla, whose electric vehicles have no Carbon dioxide emissions. While the rules also allow rival companies to form pools, there have been no pool agreements until now.

The recent reports did not specify how much exactly Fiat will be paying Tesla, but it has been estimated to be in the hundreds of millions at least.

The EU fleet averages are based on cars sold.

More news: Anger Over Border Security Leads to Nielsen Resignation

The Italian automaker will leverage Tesla's zero-emission fleet in Europe to register lower than average emission figures.

In a statement, FCA said the deal would "optimise the options for compliance that the regulations offer".

FCA formed an open pool with Tesla on February 25, the FT said, citing a declaration with the European Commission. "The purchase pool is providing flexibility for delivering products that FCA's customers are willing to purchase while managing compliance using the lowest cost approach", said an FCA spokesperson in a statement (source). The firm is also developing a new electric Fiat 500; although, this is not due to arrive until next year.

By 2021, manufacturers need to achieve an average fleet emissions figure of 95g/km or face fines for every vehicle sold that exceeds this figure.

At the 2019 Geneva Motor Show it put on show its first electric concept vehicle, the Fiat Concept Centoventi which once in production would be allow customisation of interiors and accessories, and with a choice of four bumpers, four roofs, 4 wheel covers and 4 wraps.

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