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Automakers face billions in fines for not meeting fuel economy levels

Automakers face billions in fines for not meeting fuel economy levels
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GM, Stellantis face $9 5 billion fine on not meeting US CAFE standards

GM, Stellantis face $9 5 billion fine on not meeting US CAFE standards
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Biden s proposal on fuel economy standards could hit automakers hard

Biden s proposal on fuel economy standards could hit automakers hard
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Report: Automakers see efficiency rules costing billions in fines

Legacy automakers may end up paying "alarming" penalties for not meeting proposed federal fleet fuel economy standards, a lobbyist report claims.

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Why GM and Stellantis face $9 5bn in US fuel economy fines

The proposal by US President Joe Biden's administration to hike fuel economy standards through 2032 would cost General Motors $6.5bn in fines and Chrysler parent Stellantis $3bn, according to a letter seen by Reuters.

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