General Motors and Stellantis paid $363 million in fines for non-compliance with environmental requirements in the US
For the first time in the last three years, the US regulator has levied fines for non-compliance with fuel economy standards
Chrysler's parent company Stellantis and General Motors have paid a total of $363 million in civil fines for failing to meet US fuel economy requirements for previous models of their vehicles.
Source. This was reported by Reuters.
The record fines include $235.5 million for Stellantis for 2018 and 2019 models and $128.2 million for GM for 2016 and 2017 models, according to the National Highway Traffic Safety Administration.
GM has never paid fines in the 40-year history of the government's CAFE fuel economy program, while Stellantis has paid fines totaling $156.6 million for vehicles manufactured in 2016 and 2017.
According to the data, the payments to GM and Stellantis were made between December and May, and this is the first time in the last three years that the US regulator has levied fines for non-compliance with fuel economy standards.
Background. As reported, General Motors Co and POSCO Future M plan to invest $1 billion in the expansion of the Ultium CAM joint venture.
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