Fiat Chrysler to pay Tesla to pool CO2 emissions, paper says

Fiat Chrysler Automobiles has agreed to pay Tesla hundreds of millions of euros so that the vehicles of Tesla are counted in its fleet to avoid fines for violating new European Union emission rules, the Financial Times reported on Sunday.

The step will let Fiat Chrysler offset carbon dioxide emissions from its cars against Tesla’s electric cars, by bringing down its average figure to a permissible level, the newspaper said.

The report did not mention further financial details of the specific amount that Fiat Chrysler has agreed to pay Tesla.

Fiat Chrysler formed an open pool with Tesla on Feb. 25, the report added, citing a declaration with the European Commission.