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Fiat Chrysler faces $79 million U.S. penalty for fuel economy shortfall


Added 10-16-19 05:03:01pm EST - “Fiat Chrysler Automobiles NV on Wednesday said it faces a $79 million U.S. civil...” - Reuters.com

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Posted By TheNewsCommenter: From Reuters.com: “Fiat Chrysler faces $79 million U.S. penalty for fuel economy shortfall”. Below is an excerpt from the article.

WASHINGTON (Reuters) - Fiat Chrysler Automobiles NV (FCHA.MI) on Wednesday said it faces a $79 million U.S. civil penalty for failing to meet 2017 fuel economy requirements, as regulators reported more automakers were falling short of U.S. greenhouse gas emissions standards.

The Italian-American automaker said the payment is not expected to have a material impact on its business.

Of 18 major carmakers in the United States, 13 including Fiat Chrysler, failed to comply with fuel economy and greenhouse gas emissions standards for the 2017 model year without using credits, according to the National Highway Traffic Safety Administration (NHTSA).

The agency said its review of model year 2017 vehicles showed “automakers falling further behind current standards.”

The 2017 model fleet fell 1-1/2 miles per gallon short of the 33.8 mpg standard based on yearly performance without including credits, NHTSA reported. The shortfall was 1/2 mile per gallon for the 2016 model year.

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