financetom
Business
financetom
/
Business
/
Automakers to pool CO2 emissions with Tesla, Mercedes to comply with EU 2025 rules
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
Automakers to pool CO2 emissions with Tesla, Mercedes to comply with EU 2025 rules
Jan 7, 2025 4:42 AM

MILAN, Jan 7 (Reuters) - Stellantis ( STLA ), Toyota ( TM )

, Ford, Mazda ( MZDAF ) and Subaru are

planning to pool carbon emissions with U.S. EV maker Tesla

to comply with European Union 2025 rules, an EU filing

showed on Tuesday.

Volvo, Polestar and Smart are also

planning to pool their carbon emissions with Mercedes,

the same document showed.

If not met, EU 2025 intermediate carbon reduction targets,

or so-called CAFE standards, could cost automakers billions of

euros in fines.

A spokesman for Stellantis ( STLA ) said the carmaker's participation

to the pool would help it meet its EU targets for 2025 "while

optimising our resources".

"At the same time, we continue to focus on developing the

innovative electric and low-emission technologies that are at

the heart of our strategy," the spokesman said.

The other carmakers involved were not immediately reachable

for comment.

Stellantis' ( STLA ) head of European operations, Jean-Philippe

Imparato, last month said that based on EU rules, the group's EV

sales in Europe would have to increase from 12% of the current

total to 21%, with potential fines of 300 million euros ($312

million) for any missed percentage point.

($1 = 0.9606 euros)

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
What's Going On With AMC Entertainment, Koss Corp, BlackBerry And Newegg Shares Thursday?
What's Going On With AMC Entertainment, Koss Corp, BlackBerry And Newegg Shares Thursday?
Jun 6, 2024
Several meme stocks including AMC Entertainment Inc , Koss Corp ( KOSS ) , BlackBerry Ltd ( BB ) and Newegg Commerce Inc ( NEGG ) are trading higher Thursday following a swift surge in GameStop Corp ( GME ) stock. Here’s what you need to know. What To Know: GameStop ( GME ) shares are soaring Thursday afternoon after...
Harley-Davidson defeats US consumer lawsuit over 'right to repair'
Harley-Davidson defeats US consumer lawsuit over 'right to repair'
Jun 6, 2024
June 6 (Reuters) - Harley-Davidson ( HOG ) has persuaded a judge to dismiss a proposed class action claiming the company imposed unlawful restrictions on customers that boosted the cost of repairs for its iconic motorcycles. U.S. District Judge William Griesbach in Green Bay, Wisconsin, federal court on Wednesday ruled for now against 15 individual consumers who bought Harley-Davidson (...
Federal Reserve Bank Stress Test Results to Be Released June 26
Federal Reserve Bank Stress Test Results to Be Released June 26
Jun 6, 2024
02:25 PM EDT, 06/06/2024 (MT Newswires) -- Results from the Federal Reserve's annual bank stress tests will be released at 4:30 p.m. ET on June 26, the central bank said Thursday. In addition, aggregate results from the Fed's first exploratory analysis, which will not affect bank capital requirements, will be released simultaneously, the Fed said. ...
GameStop surges as 'Roaring Kitty' posts upcoming livestream
GameStop surges as 'Roaring Kitty' posts upcoming livestream
Jun 6, 2024
(Reuters) - Shares of GameStop ( GME ) surged over 30% on Thursday after the online stock influencer known as Roaring Kitty posted on YouTube that he would hold a livestream on Friday. Thursday's surge was the latest in a bout of volatile trading in the struggling videogame seller's shares that kicked off last month after the influencer, whose real...
Copyright 2023-2026 - www.financetom.com All Rights Reserved