Milan
Japanese automaker Mazda has partnered with its 50/50 joint venture, Changan Mazda Automobile, to form a carbon emissions pooling agreement in the European Union, enabling the sharing of credits to avert hefty fines, according to an EU document. This move addresses the slower-than-expected shift to electric vehicles among legacy carmakers, amid EU rules targeting average emissions over 2025-2027. The pool, valid for 2025, is open to other manufacturers until November’s end and is expected to renew annually. Similar alliances, like Tesla’s with Stellantis and Toyota, highlight industry strategies to mitigate up to €15 billion ($17.5 billion) in potential penalties.