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
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