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(Reuters) – Italian-U.S. carmaker Fiat Chrysler Automobiles NV (FCA) has agreed to pay electric carmaker Tesla Inc hundreds of millions of euros to allow Tesla vehicles to be counted in its fleet to avoid fines for violating new European Union emission rules. The step will let the Italian carmaker offset carbon dioxide emissions from its cars against Tesla’s, bringing down its average emissions of the greenhouse gas to a permissible level, according to the Financial Times, which was first to report the agreement park avenue cufflinks set.
The report did not mention exactly how much Fiat Chrysler has agreed to pay Tesla. Tesla did not respond to requests for comment on Sunday park avenue cufflinks set. Tesla has made over $1 billion in the last three years by selling emissions credits in the United States, according to its annual report to the U.S. Securities and Exchange Commission. Regulations allow a manufacturer of zero-emission vehicles to earn credits and sell excess credits to other manufacturers. The credits in the past have buoyed the Palo Alto, California company’s earnings, allowing it to post quarterly profits when otherwise it would have posted a loss..
Tesla recently began delivering its new Model 3 to international markets in China and Europe. However, the company’s deliveries fell in the first quarter as it struggled with these shipments due to longer transit times. FCA formed an open pool with Tesla on Feb. 25, the FT said, citing a declaration with the European Commission. In a statement, Fiat Chrysler did not directly address the amount that it would pay but added it would “optimize the options for compliance that the regulations offer.” park avenue cufflinks set.
TOKYO/PARIS (Reuters) – The wife of former Nissan boss Carlos Ghosn has left Japan and flown to Paris to appeal to the French government to do more to help him. Japanese prosecutors arrested Ghosn for a fourth time on Thursday on suspicion he had tried to enrich himself at the automaker’s expense, in another dramatic twist that his lawyers said was an attempt to muzzle him. “I think the French government should do more for him park avenue cufflinks set. I don’t think he’s had enough support and he’s calling for assistance. As a French citizen, it should be a right,” Carole Ghosn told the Financial Times in an interview before boarding a flight out of Japan late on Friday..
Carlos Ghosn, who holds French, Lebanese and Brazilian citizenship, has denied charges against him and also called on the French government for help. France, which holds a 15 percent stake in Nissan’s alliance partner Renault, said it was monitoring the situation. “We fully exercise consular protection park avenue cufflinks set. The French ambassador is in regular contact,” an official from French President Emmanuel Macron’s office said on Sunday. “The wife of Carlos Ghosn has been received by the (Elysee) Secretary General during his (Ghosn) previous incarceration,” the official added..