Honda Motor Co. joined Fiat Chrysler Automobiles NV in pooling its fleet with Tesla Inc.’s to comply with emissions standards for passenger cars in Europe this year.
Honda was newly added as of last week to a European Commission filing in which manufacturers declare their intent to jointly meet greenhouse-gas emissions standards. The Japanese automaker’s entry into the other two companies’ pooled fleet won’t change the conditions of a three-year agreement reached with Tesla in 2019, a Fiat Chrysler spokesman said.
It is unclear how much money Honda is paying to join a pool populated by Tesla’s all-electric fleet. Selling regulatory credits to other carmakers has been a boon to the Model 3 maker, bringing in almost $1.2 billion (¥126 billion) of revenue this year.