GM, Stellantis Pay Record Fines
Carmakers fell short of federal fuel-economy standards.
The fines were the biggest any carmaker has paid in the Corporate Average Fuel Economy program.
IMAGE: Pexels/Ekaterina Belinskaya
General Motors and Stellantis have paid a combined $364 million for failing to meet U.S. fuel-economy standards for some earlier model years.
The penalties, first reported by Reuters news agency, were the biggest any carmaker has paid in the Corporate Average Fuel Economy program based on records stretching back to 1985, the Detroit News said.
GM paid $128.2 million for missed targets on 2016 and 2017 models, the first time it’s paid a fine under the program, according to news reports, and Stellantis paid $235.6 on 2018 and 2019 models.
Stellantis was formed in 2021 by the merger of Fiat Chrysler and French PSA group. Its brands include Jeep, Chrysler and Dodge. GM makes Chevrolet, Buick, GMC, Cadillac and others.
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Originally posted on Auto Dealer Today
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