Ford will partner with Volvo Cars to reduce its average CO2 emissions, according to documents submitted to the European Commission. The problems with the Kuga PHEV forced Ford to enter into such a partnership. It is not known how much Ford pays Volvo to offset the emissions.
The German automotive researcher Matthias Schmidt has the document received, which states that Ford has set up the group. As part of the pool, several Ford subsidiaries have been included, as well as the ‘Volvo Car Corporation’ on the document. Volvo is comfortable when it comes to achieving the CO2 standard: Volvo and Polestar together must meet a standard of 110.3 grams of CO2 per km, but the current level is 103.1 grams per km. Polestar CEO Thomas Ingenlath has previously indicated that Polestar will logically also be in the pool. The Ford and Volvo pool is open, so other brands can register until November 30.
Ford has not disclosed how much it pays to Volvo to offset its CO2 emissions, but Schmidt said during the quarterly meeting with investors, it became clear that Ford has set aside a total of € 342 million to deal with the problems with the Kuga PHEV and the CO2 pooling. to catch. Before the problems with the Kuga PHEV manifested, Ford was on track to achieve its target of an average of 98 grams of CO2 per km. Other brands currently working together to reduce the average emissions of their passenger cars are Volkswagen & MG and Tesla & FCA. Renault still has a CO2 pool open, but to date no manufacturers have registered for it.