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Fiat Chrysler joins open pool with Tesla to avoid paying EU emissions fines

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According to a report from the

Financial Times

,

Fiat

Chrysler has agreed to pay

Tesla

“hundreds of millions of euros” in order to pool their fleets together in Europe. This move will reportedly allow

FCA

to use Tesla’s zero-emission vehicle sales to offset fines it would have to pay for failing to meet European Union carbon emissions rules, which fall to 95 grams per kilometer starting next year.

According to the report, FCA joined a so-called open pool with Tesla on February 25. The

electric car

company created the pool and gave other automakers “the chance to join” three days prior. The pool will be valid “for several years,” according to Julia Poliscanova, a senior director at the

Transport & Environment lobbying group

.

Toyota

and

Mazda

apparently created a similar pool on the same day, but that agreement doesn’t elicit quite the same eyebrow raise since Toyota owns a five-percent stake in Mazda.

It’s not clear exactly how much money FCA will pay Tesla through this arrangement, but similar deals have been part of Tesla’s financial strategy for years. FT reports Tesla earned more than $100 million by selling

electric vehicle

credits in the United States last year and close to $300 million the prior year.

from Autoblog http://bit.ly/2YSjoCF