The Biden administration proposal to hike fuel economy through 2032 is not feasible and could cost automakers $14 billion in fines, an industry group says.
spokesperson said the estimate cited by automakers represents the agency forecast and is"consistent with our statutory obligations".
In June, Reuters reported Stellantis and GM paid a total of $363 million in CAFE fines for failing to meet U.S. fuel economy requirements for prior model years.
Australia Latest News, Australia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Detroit: Biden's 'Unfeasible' Fuel Rules to Cost $14B in FinesThe Biden administration proposal to hike fuel economy standards through 2032 is not feasible and could cost automakers a total of more than $14 billion in fines, an automotive group said Friday.
Read more »
Automakers say they face $14 billion in fines from Biden's 'unfeasible' fuel rulesThe Biden administration proposal to hike fuel economy standards through 2032 is not feasible and could cost automakers a total of more than $14 billion in fines, an automotive group said Friday.
Read more »
Automakers warn Biden vehicle rules not feasible, could cost $14 billion in fines By ReutersAutomakers warn Biden vehicle rules not feasible, could cost $14 billion in fines
Read more »
Frank Biden Called Joe Biden the ‘Big Guy,' Sixth Reference to AliasThe WSJ highlighted the alleged influence peddling scheme of 'how Joe Biden’s kin profited off the family name' using the 'big guy' alias.
Read more »
Clock is ticking as United Autoworkers threaten to expand strikes against Detroit automakers FridayThe United Auto Workers strikes against Detroit’s big three automakers that spread to dozens of parts distribution centers one week ago may grow worse soon.
Read more »
Twenty-Five Thousand Auto Workers Are Now Striking Against the Big 3 AutomakersIn a first in recent history, the union has played the three auto companies against each other with its strike strategy.
Read more »