Transportation
Toyota Sees Potential Risk to Deal Brokered With Tesla in Europe
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When the European Commission announced plans to ease its regulation for how much CO2 each manufacturer’s new cars can emit this year, it threw into question a deal between the world’s biggest automaker and the top seller of fully electric vehicles.
Toyota Motor Corp. was among the manufacturers that disclosed its intent to pool the fleet of vehicles it sells in the European Union with Tesla Inc. The Elon Musk-led company will over-comply with the commission’s standards — since it only sells EVs — and it’s raked in billions of dollars over the years from helping rival manufacturers comply with increasingly stringent emissions rules.