latest automotive news, best new and used cars, find a new car 7a337_Ferrari_458_Speciale-550x370 FCA, Daimler Buy Greenhouse Credits To Meet EPA Emission Limits Ferrari

The Environmental Protection Agency said Fiat Chrysler Automobiles’ Chrysler and Ferrari divisions, as well as Daimler’s Mercedes-Benz unit, bought greenhouse gas (GHG) credits to remain in compliance with the agency’s 2025 twin goals of 54.5 mpg and halved greenhouse gas emissions.

The Detroit News reports Honda and Tesla sold 90,000 and 35,580 greenhouse credits — each one measured in 1 metric ton of emissions, or megagram — to Ferrari and Mercedes respectively for the 2010 model year, while Chrysler bought 500,000 such credits from Nissan for 2011. In addition, Mercedes purchased 250,000 credits from Nissan and 177,941 credits from Tesla for 2012; the EPA does not disclose how much the automakers paid for the compliance credits.

As for what the three divisions are doing to come into compliance with EPA and CAFE standards outside of the credit market, Ferrari — which FCA petitioned the agency to classify as an independent automaker, allowing the brand to enjoy the same conditional exemptions as Aston Martin, Lotus and McLaren due to its low production output — “is working to boost fuel efficiency while improving performance,” while Mercedes is looking into stop-start and other fuel-saving technology. Chrysler, for its part, is experimenting with flex fuels and using turbocharged four-cylinders in some of its offerings.

Article source: http://www.thetruthaboutcars.com/2014/04/fca-daimler-buy-greenhouse-credits-to-meet-epa-emission-limits/