Stellantis Owes Millions In Fuel Economy Fines

by TTAC News Staff

Published: July 22nd, 2024

stellantis owes millions in fuel economy fines

Stellantis NV has paid a total of $190.7 million in fines for failing to meet U.S. fuel economy standards in two previous years.

These penalties, related to the model years 2019 and 2020, were paid in two installments: $78.4 million in March and $112.3 million in May, according to data from the National Highway Traffic Safety Administration (NHTSA), as first reported by Reuters. The NHTSA oversees the Corporate Average Fuel Economy (CAFE) Program, which sets efficiency standards for vehicles.

In addition to these fines, Stellantis faces a larger outstanding penalty of $459.7 million for the same model years. This figure has been confirmed by both NHTSA and Stellantis. The federal agency, however, did not provide further comments on these fines.

TTAC News Staff

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Zerofoo on Jul 23, 2024
Stellantis and others are holding out hoping that lower interest rates in the fall will start moving the metal again. Current prices and interest rates are unsustainable.

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