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Tesla is poised to collect over $1 billion from EU automakers seeking to pool carbon emissions to meet the 2025 CO2 regulations. Companies like Stellantis, Toyota, Ford, Mazda, and Subaru are interested in joining Tesla's pool, with a deadline for applications set for February 5. UBS analysts suggest that Tesla's compensation could exceed €1 billion if it fully monetizes its CO2 position, although it's uncertain if the pool can accommodate more participants.
Walter Frey, born in 1943, has been a pivotal figure in the automotive industry, taking over Emil Frey AG in 1976 and expanding it into a major European car dealership. Under his leadership, the company has successfully imported brands like Toyota, Subaru, and Mercedes, while also venturing into new markets, including Croatia and Greece. Today, the Emil Frey Group stands as the largest car dealer in Europe, with ongoing expansions into electric vehicle imports.
Subaru Co., Ltd.
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Tesla poised to earn over 1 billion from EU automakers pooling deal
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emil frey group expands global reach under walter frey's leadership
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