Fiat-Chrysler Games the System

Rather than build fuel efficient cars FiatChrysler decides to cheat.

“Environmental regulations can create strange bedfellows, it seems. The Financial Times has learned that Fiat Chrysler Automobiles will pay Tesla hundreds of millions of euros (specific numbers aren’t available) to pool the EV brand’s cars with its own fleet and avoid fines for violating stricter EU emissions rules in 2020. The move should help FCA meet the EU’s CO2 emissions target of 95g per kilometer by lowering its average from a higher-than-usual 123g. Fiat Chrysler has been relatively slow to adopt electric and hybrid cars — this buys it time to catch up without having to take many (if any) radical steps.”

Medicynical note: Gaming the system. Sad but apparently true, manipulating regulation is one key to success in capitalism. Ask Boeing, or big Pharma (here and here and here).

Meh. So a few people here and there die. As long as revenue grows what’s the big deal.

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