Fiat will pay Tesla to create a joint venture in Europe

April 8, 2019 0 By autotimesnews

Only recently we wrote that European concerns would lose about 7.4 billion Euros in profits with the introduction of new environmental standards, and Fiat is in a special risk zone and could lose up to 25% earnings per share.

The European concern Fiat Chrysler Automobile has just now attended to the “gardening” of its own model line. The fact is that the company does not have time to achieve a total CO2 emission of 95 grams per kilometer. At the moment, this figure reaches about 120 grams. That is, FCA is in a special zone of risk, and it needs to achieve a sharp increase in environmental performance over the remaining two years.

 Despite the fact that the entire concern does not have the necessary technology and production facilities, a solution was found. The Network has information about the appeal of FCA to Tesla to create a joint venture with the goal of producing fully electric cars and compensating for their own environmental friendliness. Earlier, two competitors joined this goal – Toyota and Mazda.

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Unfortunately, the amount of the upcoming transaction is not reported. Experts suggest that the bulk of the cost may lie on Fiat. Information about the intentions to organize a joint venture confirmed.

Earlier it became known that PSA and FCA will be engaged in the joint development of electric vehicles. Two major automobile concerns are discussing the creation of a “super platform.