Toyota Motor (TM), Ford Motor (F) and Stellantis (STLA) are among carmakers that plan to combine their carbon emissions with Tesla's (TSLA) to meet the European Union's 2025 regulatory requirements for CO2 emissions, multiple news outlets reported Tuesday, citing a European Union filing.
The pooling enables automakers to collectively meet the EU's CO2 standards by averaging emissions across multiple brands, which could help them avoid potential fines, according to Reuters.
Toyota Motor, Ford Motor, Stellantis and Tesla did not immediately respond to requests for comment from MT Newswires.
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