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Europe
Fiat Chrysler may review $5.7 billion plan if Italy taxes diesel, petrol cars
2018-12-13
MILAN (Reuters) - Fiat Chrysler (FCA) could review its 5 billion euro ($5.7 billion) Italian investment plan, which includes a shift to cleaner engines, if Rome raises taxes on petrol and diesel cars.

"Were these measures to be confirmed as of 2019, a thorough examination of their impact and an update to plans already announced would be necessary," FCA’s (FCHA.MI) Europe head, Pietro Gorlier, said in a letter to government representatives in the northern Piedmont region, where some of the new investment would be targeted.

In an amendment to the 2019 budget law passed in Italy’s lower house last week, the government approved subsidies of up to 6,000 euros for lower emission vehicles, but included a surcharge of up to 3,000 euros on petrol and diesel cars.

Posted by:Besoeker

#1  government approved subsidies of up to 6,000 euros for lower emission vehicles

Mmm, clean, non-polluting electric cars! Of course, the harsh reality is those electrons have to come from somewhere because. contrary to green belief, electrons are not a byproduct of unicorns farting rainbows. That leave wind, solar, fossil fuels, or uranium. Wind and solar are intermittent and tend not to work well at night. tl;dr: your green car is powered on decomposed dinosaurs or a nuke plant.
Posted by: SteveS   2018-12-13 11:46  

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