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

news_image
0
6 просмотров

By David Shepardson

WASHINGTON (Reuters) - Chrysler-parent Stellantis and General Motors 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 program.

Stellantis said the penalties "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, which did not immediately comment, 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 and this is the first time in three years the agency has collected fuel economy penalties.

The disclosure comes ahead of NHTSA's plan to soon propose new more stringent fuel economy standards for 2027 and beyond.

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 noncomplying 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 and others.

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

The higher penalty costs make the credits more valuable, automakers say.

(Reporting by David Shepardson; Editing by Frances Kerry)

Поделись своим мнением

 
ООО "Профинансы ИТ решения"
Юридический адрес: 123112, Российская Федерация, г. Москва, Пресненская набережная, д.12, этаж 82, офис 405, помещение 4
ОГРН: 1227700402522
ИНН: 9703096398
КПП: 770301001
Расчётный счет 40702810710001115701
Корреспондентский счет 30101810145250000974
БИК банка 044525974
Банк АО "ТИНЬКОФФ БАНК"
Информация на данном сайте представлена исключительно для ознакомления и самостоятельного анализа инвестором. Не является индивидуальной инвестиционной рекомендацией. Не является рекламой ценных бумаг определенных компаний. Графики стоимости ценных бумаг отражают историческую динамику цены и не могут быть гарантией доходности в будущем. Прошлые результаты инвестиционной деятельности не гарантируют доходность в будущем. Числовые показатели взяты из официальных финансовых отчетов представленных компаний. ООО «ПРОФИНАНСЫ ИТ РЕШЕНИЯ» не несет ответственности за возможные убытки инвестора в случае использования представленной на сайте информации в своей инвестиционной стратегии, покупки и продажи указанных на сайте ценных бумаг.