Chrysler-parent Stellantis and General Motors have agreed to pay a total of $363 million in civil penalties for failing to meet U.S. fuel economy requirements for prior model years, according to documents seen Friday by Reuters.
The penalties are the largest ever imposed by the U.S. Environmental Protection Agency (EPA) for fuel economy violations. They are also the latest sign of the growing scrutiny of automakers' fuel economy claims by regulators and consumers.
Stellantis will pay $235.5 million for failing to meet fuel economy standards for the 2018 and 2019 model years. GM will pay $128.2 million for failing to meet standards for the 2016 and 2017 model years.
The EPA said the automakers violated the Clean Air Act by selling vehicles that did not meet the fuel economy standards set by the agency. The penalties are intended to deter future violations and to ensure that automakers meet the standards set by the EPA.
Stellantis and GM said they have taken steps to improve their fuel economy performance and that they are committed to meeting the standards set by the EPA.
The EPA's decision to impose penalties on Stellantis and GM is a sign that the agency is taking a tougher stance on fuel economy violations. The agency has also been investigating other automakers for possible violations.
The penalties could have a significant impact on the automakers' bottom lines. Stellantis and GM are already facing rising costs for raw materials and other expenses. The penalties could add to those costs and could make it more difficult for the automakers to compete in the global auto market.
The penalties could also have a negative impact on the automakers' reputations. Consumers are increasingly concerned about fuel economy and environmental issues. The penalties could damage the automakers' image and could make it more difficult for them to sell vehicles.
The EPA's decision to impose penalties on Stellantis and GM is a sign that the agency is taking a serious approach to fuel economy violations. The penalties could have a significant impact on the automakers' bottom lines and their reputations.
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