Stellantis NV paid $190 million in civil penalties in the first half of 2024 for failing to meet US fuel efficiency standards, filings with regulators
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Stellantis NV paid $190 million in civil penalties in the first half of 2024 for failing to meet US fuel efficiency standards, filings with regulators showed.
The company paid $78 million fines for its 2020 model year lineup and another $112 million for its 2019 model year, according to documents posted Friday on the National Highway Traffic Safety Administration’s website.
The latter was the second $112 million payment the company has made for its 2019 shortfall. The first was paid in May last year.
Stellantis didn’t respond to a request for comments.
The federal agency sets annual benchmarks for fleetwide miles-per-gallon rates. Manufacturers that fail to meet the requirements can either buy credits from electric-vehicle makers like Tesla Inc. or pay civil penalties similar to ones made by Stellantis.
First Published Date: 20 Jul 2024, 08:45 AM IST