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13 05 2019 01

MILAN — Fiat Chrysler Automobiles plans to spend 1.8 billion euros ($2 billion) in the next three years to buy so-called regulatory credits to minimize the amount of emission-related fines it will pay in Europe and the U.S.

The figure was revealed by Chief Financial Officer Richard Palmer on May 3 during a conference call with analysts to discuss FCA’s first-quarter results.

Including 600 million euros ($670 million) spent in 2018, FCA is poised to spend at least 2.4 billion euros ($2.7 billion) from 2018 through 2021 on emission fines and regulatory-credit purchases.

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