EU Emission Fines Could Spell Trouble for Automakers in 2021, Especially VW and FCA
A recent study from consulting firm AlixPartners has suggested that automakers could be in for a financial ass kicking of epic proportions. As it turns out, reaching emission quotas is a difficult business and the European Union wants 95 grams of carbon dioxide per kilometer by 2021. The study suggests few automakers are on track to reach that goal and, as a result, will be forced to pay out sizable fines. We’re talking billions.
Can you guess which manufacturers are supposed to get hit the hardest?
Here’s a hint: we’ve discussed one of them having similar issues in the United States earlier this year and both of their names are in the title of this article.
FCA Paid $77 Million in Civil Penalties to Sell Cars People Actually Want to Buy
Fiat Chrysler Automobiles paid $77 million in U.S. civil penalties late last year due to its failure to adhere to 2016 model year fuel economy requirements. In December, the National Highway Traffic Safety Administration (NHTSA) issued a report claiming the industry faced millions in fines from 2016 and that one manufacturer was expected to pay significant civil penalties.
You can probably guess which one. But FCA is by no means the only automaker affected by stringent fuel rulings.