7. April (Reuters) – Italian car manufacturer Fiat Chrysler Automobiles NV has signed an agreement to pay the electricity producer Tesla Inc hundreds of millions of euros so that the vehicles in Tesla are counted in their fleet to avoid fines to violate new EU emissions regulations, the Financial Times reported on Sunday.
The step will allow the Italian car manufacturer to offset carbon dioxide emissions from its cars against Tesla, by bringing its average figure to an allowable level, said FT at on.ft.com/2KecBQA.
The report did not mention further financial details about the specific amount that Fiat Chrysler has agreed to pay Tesla.
The Italian car manufacturer formed an open pool with Tesla on February 25, adding the report and quoting a statement with the EU Commission.
Tesla and Fiat Chrysler did not respond promptly to a Reuters request for comment on Sunday. (Reporting by Kanishka Singh in Bengaluru Editing by Jacqueline Wong)