• Home
  • Politics
  • Health
  • World
  • Business
  • Finance
  • Tech
  • More
    • Sports
    • Entertainment
    • Lifestyle
What's Hot

Houston TX Hot Chicken partners with PizzaExpress for UK expansion

June 23, 2026

An Australian View of the New Trump Iran Deal

June 23, 2026

Vance Takes Center Stage In White House Push To Protect GOP Majority

June 23, 2026
Facebook Twitter Instagram
  • Contact
  • Privacy Policy
  • Terms & Conditions
Tuesday, June 23
Patriot Now NewsPatriot Now News
  • Home
  • Politics

    Vance Takes Center Stage In White House Push To Protect GOP Majority

    June 23, 2026

    House Republicans Threaten Contempt After Dem Cash Cow ActBlue Ignores Subpoenas

    June 23, 2026

    Trump Admin Threatens To Pull Critical Federal Funds Unless States Adopt Election Integrity Measures

    June 23, 2026

    White Democrat Women Dance Across America For Juneteenth

    June 23, 2026

    Joy Reid Claims Black People Aren’t Excited For July 4th, Juneteenth Is The ‘Real Thing’

    June 23, 2026
  • Health

    HHS Ebola trial, retatrutide, suicide treatment: Morning Rounds

    June 23, 2026

    This Startup Says It Saves Medicare More Than $2 Million A Week

    June 23, 2026

    7 Signs You Need Physical Therapy (And How To Find the Right Provider)

    June 23, 2026

    Kidney transplant, livestock disease, Texas: Morning Rounds

    June 22, 2026

    The Hidden Hormone Controlling Your Energy, Mood, And Recovery

    June 22, 2026
  • World

    Iran MOU Doesn’t Address ‘Very Important’ Ballistic Missiles, Terror Proxies

    June 23, 2026

    DEA Reportedly Did Nothing As Staggering Amounts Of Fentanyl Hit The Streets

    June 23, 2026

    One Dead, Nine in Critical Condition After Train Collision in England

    June 23, 2026

    MS NOW Analyst: Trump Broke Biggest ‘Taboo’ In Diplomatic History

    June 23, 2026

    Puberty Blockers to Be Given to Girls as Young as 11 in UK Medical Trial

    June 23, 2026
  • Business

    Influential Economic Policy Center Bankrolled By Shady Dating App Founder

    June 19, 2026

    Dem Senator‘s 22-Year-Old Son Raises Eyeballs After Raking In $30 Million Investment

    June 19, 2026

    Jeff Bezos Claims AI Boom Will Actually Lead To Labor Shortages

    June 17, 2026

    Are You Gay Enough To Get A California Utilities Contract? Here’s The Test

    June 17, 2026

    Jersey Mike’s Overtakes Chick-Fil-A As Highest Rated Fast Food Chain

    June 17, 2026
  • Finance

    Houston TX Hot Chicken partners with PizzaExpress for UK expansion

    June 23, 2026

    An Australian View of the New Trump Iran Deal

    June 23, 2026

    MoonPay buys Entendre in digital finance infrastructure push

    June 23, 2026

    U.S. fights with Brazil for China’s giant soybean market

    June 23, 2026

    What Will ETFs Look Like in 2027? State Street Gazes into Its Crystal Ball

    June 23, 2026
  • Tech

    Elon Musk’s SpaceX IPO Spurs Momentum for Orbital AI Data Centers

    June 23, 2026

    Netflix’s Mega Podcast Venture Failing to Earn Fans

    June 23, 2026

    Texas Grandma Killed by Tesla Crashing into Home, Driver Claims ‘Autopilot’ Active

    June 22, 2026

    Asbestos Discovered in 1,000 UK Wind Turbines Imported from China

    June 22, 2026

    ‘F**k These Weird Ass Vultures’

    June 22, 2026
  • More
    • Sports
    • Entertainment
    • Lifestyle
Patriot Now NewsPatriot Now News
Home»Business»Exclusive: Stellantis, GM pay $363 million in US fuel economy penalties
Business

Exclusive: Stellantis, GM pay $363 million in US fuel economy penalties

June 3, 2023No Comments3 Mins Read
Facebook Twitter Pinterest LinkedIn Tumblr Email
Share
Facebook Twitter LinkedIn Pinterest Email

WASHINGTON, June 2 (Reuters) – Chrysler parent Stellantis (STLAM.MI) and General Motors (GM.N) paid a total of $363 million in civil penalties for failing to meet U.S. fuel economy requirements for prior model years, documents seen on Friday by Reuters show.

The record-setting penalties include $235.5 million for Stellantis for the 2018 and 2019 model years and $128.2 million for GM covering 2016 and 2017, according to the National Highway Traffic Safety Administration (NHTSA), which administers the Corporate Average Fuel Economy (CAFE) program.

Stellantis – which also owns Fiat, Peugeot and other marques – said the penalty “reflects past performance recorded before the formation of Stellantis, and is not indicative of the company’s direction.”

Stellantis previously paid a total of $156.6 million in penalties for the 2016 and 2017 model years.

GM said Friday as “we work towards the goal of a zero-emissions future, we may use a combination of credits from prior model years, expected credits from future model years, credits obtained from other manufacturers, and payment of civil penalties to comply with increasingly stringent CAFE regulations.”

GM, which sells Chevrolet, Buick, GMC and Cadillac vehicles in the U.S., had not previously paid a fine in the 40-year history of the CAFE program. It had initially planned to use credits to meet its compliance shortfall but opted to pay penalties, NHTSA said.

The GM and Stellantis penalties were paid between December and May, according to the records. This is the first time in three years the agency has collected fuel economy penalties.

NHTSA in April 2022 said it calculated there would be 11 instances between 2018 and 2021 “where substantial civil penalty payments will have to be made”, but did not disclose the automakers involved.

See also  Republicans Investigating $200 Million Biden Admin Grant to CCP-Controlled Energy Company

The disclosure comes ahead of NHTSA’s plan to soon propose more stringent fuel economy standards for 2027 and beyond, after the Environmental Protection Agency in April proposed a 56% reduction in projected fleet average emissions over 2026 requirements by 2032.

SHARP INCREASE

The EPA said in December Stellantis had the lowest real-world fuel economy among all major automakers, at 21.3 miles per gallon on average in 2021, while GM was second-lowest at 21.6 mpg.

In March 2022, NHTSA reinstated a sharp increase in penalties for automakers whose vehicles do not meet fuel efficiency requirements for 2019 and beyond.

For the 2019 to 2021 model years, the fine is $14, up from $5.50, for every 0.1 mile per gallon new vehicles fall short of required fuel-economy standards, multiplied by the number of non-complying vehicles sold. For the 2022 model year, the figure rose to $15.

Automakers protested the penalty hike in 2016, warning it could raise industry costs by at least $1 billion annually, including boosting the value of compliance credits sold by Tesla (TSLA.O) and others.

Automakers whose vehicles achieve higher fuel economy than required can sell credits to automakers that do not meet CAFE rules.

Stellantis said it had made an incremental provision of 660 million euros ($709 million) as a result of the NHTSA penalty hike.

In April 2022, NHTSA sharply boosted fuel economy standards, reversing former President Donald Trump’s rollback of U.S. regulations aimed at improving gas mileage. The organization raised fuel efficiency requirements by 8% for both the 2024 and 2025 model years and 10% in 2026.

See also  EXCLUSIVE: Is American Pork Ending Up In The Bellies Of Chinese Soldiers?

Reporting by David Shepardson; Editing by Frances Kerry, Mark Potter and David Holmes

: .

Economy EXCLUSIVE fuel million pay penalties Stellantis
Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

This Startup Says It Saves Medicare More Than $2 Million A Week

June 23, 2026

‘Toy Story 5’ Has Biggest Debut of the Year with Franchise Best $160 Million

June 23, 2026

Number of Refugees in Germany Hits Record High of Four Million

June 22, 2026

A Lindblad Expeditions Director Sold Nearly 53,000 Shares Worth $1.2 Million. Here’s a Deeper Look at the Transaction.

June 21, 2026
Add A Comment

Leave A Reply Cancel Reply

Top Posts

Google’s Spending On Government Lobbying Is Surging Amidst Antitrust Lawsuits

October 9, 2023

Colombia Ready for Sunday Runoff Between de la Espriella and Cepeda

June 22, 2026

Report: Trump Tossed NBC Reporter’s Phone, Demanded He Be Kicked Off Plane

May 4, 2023

Trump Lawyers Request April 2026 Trial Date For Jan. 6 Case

August 18, 2023
Don't Miss

Houston TX Hot Chicken partners with PizzaExpress for UK expansion

Finance June 23, 2026

US-based fast-casual chain Houston TX Hot Chicken (HHC) has entered a master franchise agreement with…

An Australian View of the New Trump Iran Deal

June 23, 2026

Vance Takes Center Stage In White House Push To Protect GOP Majority

June 23, 2026

Players Will Not Be Fined for Wearing Bible Verses

June 23, 2026
About
About

This is your World, Tech, Health, Entertainment and Sports website. We provide the latest breaking news straight from the News industry.

We're social. Connect with us:

Facebook Twitter Instagram Pinterest
Categories
  • Business (4,386)
  • Entertainment (5,264)
  • Finance (3,891)
  • Health (2,329)
  • Lifestyle (1,893)
  • Politics (3,657)
  • Sports (4,621)
  • Tech (2,296)
  • Uncategorized (4)
  • World (5,172)
Our Picks

Lions’ Jameson Williams, Four Others, Suspended for Gambling

April 25, 2023

The Bloodline officially creates an alliance with top RAW faction on order from Roman Reigns

April 18, 2023

‘Tiny Beautiful Things’: Merritt Wever on Working With Kathryn Hahn

April 8, 2023
Popular Posts

Houston TX Hot Chicken partners with PizzaExpress for UK expansion

June 23, 2026

An Australian View of the New Trump Iran Deal

June 23, 2026

Vance Takes Center Stage In White House Push To Protect GOP Majority

June 23, 2026
© 2026 Patriotnownews.com - All rights reserved.
  • Contact
  • Privacy Policy
  • Terms & Conditions

Type above and press Enter to search. Press Esc to cancel.