Fiat Chrysler confirms paying Tesla for Carbon dioxide credits

Fiat Chrysler Automobiles headquarters are seen in Turin

The deal with Tesla is expected to help FCA buy some time to accelerate the adoption without the need to take several radical steps.

In 2018, Tesla has made $21.4 billion in revenue, so it needs hundreds of millions of euros to meet is cash burnt demands, and his deal will provide a small portion of the overall money it generates.

Not only are the FCA fleet's average emissions among the worst in the industry, the automaker was sued by the US Department of Justice in 2017 for allegedly using software to fool regulators into thinking its cars were compliant. Toyota and Mazda also created a similar pool on the same day, but those two brands are already closely aligned - Toyota owns a small stake in Mazda.

Microsoft's Windows 10 May 2019 Update is now available for testing
All that is required is to join the Insider program and the Release Preview ring on a machine running Windows 10 to do so. As Microsoft flagged last week , the Windows 10 May 2019 Update , aka 19H1 and 1903, is nearing a mainstream release.

The securities suit also raised claims Fiat Chrysler misled investors over the Justice Department's allegations it used defeat devices to allow diesel-powered vehicles to emit excess emissions.

By 2021, the European Union will reduce the average new-car carbon dioxide emissions target from 130 grams to 95 grams.

FCA first applied to form an open pool with Tesla in Febuary. The deal is unique in that this is the first time in Europe that manufacturers from different groups pool their fleets. Given that Tesla only has EVs it will reduce the average emissions of FCA substantially. "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).

More Than 103,000 Migrants Reached Southern Border In March
Chuck Grassley, R-Iowa, made both a public and private plea to the White House not to dismiss career homeland security officials. He says that the United States is "full" and can not take any more migrants or even people fleeing violence in Central America.

If FCA is let off the hook, it can continue building cars that are less fuel-efficient and therefore emit more CO2.

Last year the Italian/American carmaker committed said it planned to spend €9 billion ($A14.23 billion) over the next four years to develop electric cars. FCA is now readying the second-generation Fiat 500 2.0 for the European market, and it has confirmed that the model would be powered entirely by electricity.

Stephen A. Smith reacts to Magic Johnson stepping down as Lakers president
The decision on whether or not to retain Walton would've been Magic's to make, but with him gone everything is now in question. Obviously, James was mostly quiet on the subject for most of the season as he tried to lead the Lakers to the postseason.

Related news:

Hot News

isis-killer-beheading-video-story-top Barnes deciding between UCLA, Vols
Apr 10, 2019 - 17:53
The second year of the Barnes era saw the Volunteers post a.500 record while they improved to 8-10 in the SEC. Sunday, Barnes became the first Tennessee men's basketball coach to win the Naismith Coach of the Year Award.

isis-killer-beheading-video-story-top Mavericks staffers sure acted like Dirk Nowitzki is going to retire
Apr 10, 2019 - 16:58
Nowitzki got the start against the Suns and one last roaring ovation from the Mavericks faithful in pregame introductions. It was an emotional night, one which highlighted what Nowitzki meant to the team and the community in a myriad of ways .

isis-killer-beheading-video-story-top Dalai Lama hospitalised in Delhi due to chest infection
Apr 10, 2019 - 14:38
He himself told Reuters last month that his successor might just be in India , irrespective of who China may try to prop up. The 83-year-old Buddhist monk was born to an indigent farmer's family in Tibet and indicated as Dalai Lama in 1940.

isis-killer-beheading-video-story-top Canucks can't beat draft lottery odds, drop to 10th
Apr 10, 2019 - 10:46
It's the second time in two years that New Jersey will have the top draft pick. The Devils had the third-highest odds, 11.5 percent, for the top pick.

isis-killer-beheading-video-story-top CAS: First ever black hole images in the final stage of 'printing'
Apr 10, 2019 - 10:13
That theory, put forward in 1915, was meant to explain the laws of gravity and their relation to other natural forces. There is so much data being collected that the image we will see on Wednesday was actually created back in 2017.

isis-killer-beheading-video-story-top Samsung Galaxy A20 goes on first sale today: Price, full specifications
Apr 10, 2019 - 09:57
Reports suggest the Samsung Galaxy A80 will feature a triple rear camera setup that will have a pop-up rotating mechanism. The Galaxy A10, A30 and Galaxy A50 were unveiled in February, while Galaxy A70 was announced a month after.

isis-killer-beheading-video-story-top Debenhams just collapsed into administration after rejecting a final rescue offer
Apr 10, 2019 - 08:46
They sold the group to its creditors including British banks and USA hedge funds. Suppliers, workers, pension holders and customers will also not be affected.

isis-killer-beheading-video-story-top Mnuchin says he'll 'follow the law' on Trump tax returns
Apr 10, 2019 - 08:41
Asked on "Fox News Sunday" whether he believe Democrats would ever view the president's returns, Mulvaney replied: "Oh no, never". Mnuchin said he was "not surprised" by the question and said it was "better we get this out".

isis-killer-beheading-video-story-top BJP MLA, 4 security personnel killed in Maoist attack in Dantewada
Apr 10, 2019 - 08:15
Bastar is considered the Bharatiya Janata Party's bastion as the party has been winning the seat since 1999 with massive margins. BJP MLA, Bheema Mandavi and five others including police personnel were killed in a bomb blast set by Naxalites in Chhattisgarh.

isis-killer-beheading-video-story-top Japanese F-35 fighter reportedly crashes during routine training flight
Apr 10, 2019 - 08:08
The JASDF's 302nd Squadron, 3rd Air Wing, reportedly consists of more than a dozen F-35A aircraft, according to The Diplomat. If confirmed, the Japanese loss would be the second involving the Lockheed Martin F-35 Lightning II Joint Strike Fighters.

Williamsburg residents could face 'forcible vaccinations' amid measles outbreak
Apr 10, 2019 - 07:55
He was joined by health officials who decried what they called "misinformation" spread by opponents of vaccination . Officials fear increased travel during Passover among people who could carry measles to or from NY .

isis-killer-beheading-video-story-top Rodgers disputes reported feud with McCarthy
Apr 10, 2019 - 07:28
We got up, we hugged each other, we told each other that "I love you and I respect you" and then we moved forward together. Rodgers didn't name them in his own comments, but they are clearly who he is referring to as "irrelevant, bitter players".

isis-killer-beheading-video-story-top Manchester United may have identified next season's right-back
Apr 10, 2019 - 04:57
They have momentum, which is more than can be said of the team they will meet in Manchester. Tomorrow will be tough and I hope we can win". "I'm happy to see him in charge".

isis-killer-beheading-video-story-top New York City orders mandatory measles vaccines for some
Apr 10, 2019 - 00:34
Schlesinger is trying to reverse false information being spread about the measles vaccine through the Orthodox community. Most of the NY cases involved unvaccinated or incompletely vaccinated individuals, according to De Blasio's office.

isis-killer-beheading-video-story-top Three U.S. Soldiers, One American Contractor Killed In Afghanistan
Apr 09, 2019 - 22:45
Afghans, meanwhile, are on high alert for a new round of violence when the militants kick off their expected spring offensive. Bagram Airfield, America´s largest air base in Afghanistan , is located about 50 kilometres (30 miles) north of Kabul.