PSA and FCA will form a CO2 pool for company cars. FCA will be the manager of the pool, which is also open to other manufacturers of commercial vehicles. In anticipation of the Stellantis merger, the two parties want to use the collaboration to combine the average emissions of their company car fleet in order to achieve the European CO2 standard of 2020.
For commercial vehicles, a segment in which the diesel engine still has a large market share, the CO2 standard is an average of 147 grams per km. According to Automotive News documents submitted to the European Commission show that FCA will lead the CO2 pool with PSA. The pool is open, which means that other manufacturers of commercial vehicles can also join. Any registrations must be received by 26 November. Ford and Volkswagen also have an open pool for commercial vehicles, in line with the collaboration announced earlier this year.
Renault and Fiat have already ended their company car deal. Since PSA and FCA will merge next year, there is of course the risk of cartels forming when setting up a CO2 pool. However, this is not the case according to Philippe de Rovira, CFO of PSA. He said during the presentation of the quarterly figures that the pool has been established on the basis of market prices, so that no suspicions arise. Incidentally, when forming a CO2 pool, car manufacturers are free to determine the rates themselves according to the rules of the European Commission.
CO2 exchange
PSA will not open a pool for passenger cars. FCA already has a partnership with Tesla to reduce average emissions. Volkswagen is working with MG in this area and Renault still has a pool open. In the meantime, Jaguar Land Rover is facing a hefty fine because the manufacturer is probably not going to achieve the CO2 target. Ford is also looking for a way to further reduce its average emissions.