FCA will pay Tesla hundreds of millions of dollars

FCA will pay Tesla hundreds of millions of dollars

April 8, 2019 0 By autotimesnews

FCA will pay Tesla hundreds of millions of dollars FCA and Tesla will combine their level of emissions, which is considered throughout the company’s fleet of vehicles, as required by EU rules on CO2 emissions.

Tesla CO2 emissions are zero because the company only produces electrical models. This will allow Fiat-Chrysler Automobiles to keep its emissions below the legal limit and avoid a huge fine. By 2021, she may face a fine of more than 2 billion euros, if the FCA does not bring its level of emissions into line with established standards.

Details of the transaction were not disclosed. It is only known that as a result Tesla will receive hundreds of millions of dollars as a reward.

Tesla already had to bail out the company before. So, the American company has already agreed to take over part of the emissions of FCA, Toyota and Honda in the United States.

Tesla and FCA were the first automakers to form an open pool. In the near future, the second pool will join them – Mazda and Toyota have announced that they intend to make a similar move.