Friday, July 4, 2025
  • PRESS RELEASE
  • ADVERTISE
  • CONTACT
Happy With Car
No Result
View All Result
  • HOME
  • AUTO NEWS
  • AUTOMATIIVE REVIEWS
  • NEW CARS
  • CAR MARKET
  • CAR BRANDS
  • TECHNOLOGY
  • INSURANCE
  • FINANCE
  • VIDEOS
Happy With Car
No Result
View All Result
Trump agrees to delay increase in fuel economy penalties

Trump agrees to delay increase in fuel economy penalties

by admin
January 12, 2021
in Market
0 0
0
Share on FacebookShare on Twitter


WASHINGTON — The Trump administration agreed on Tuesday to an auto business request to delay the beginning of dramatically larger penalties for firms that fail to satisfy gas effectivity necessities, a transfer that might save the business tons of of thousands and thousands of {dollars} or extra.

The choice — introduced eight days earlier than President-elect Joe Biden takes workplace — follows a U.S. appeals court docket ruling in August that overturned the Trump administration’s 2019 resolution to droop a regulation that greater than doubled penalties for automakers failing to satisfy gas effectivity necessities.

Congress in 2015 ordered federal companies to regulate civil penalties to account for inflation. In response, the Nationwide Freeway Site visitors Security Administration (NHTSA) issued guidelines to lift fines to $14 from $5.50 for each 0.1 mile per gallon new automobiles and vans devour in extra of required requirements.

Automakers protested that 2016 hike, saying it may improve business compliance prices by $1 billion yearly.

The auto business commerce group that sought aid praised NHTSA’s resolution, noting automobiles that may have confronted larger penalties “have already been offered or will quickly be manufactured.”

Fiat Chrysler Vehicles paid a $79 million civil penalty for failing to satisfy 2017 gas economic system necessities after paying $77.3 million for 2016 necessities.

In November, FCA warned it may have to put aside 500 million euros ($608 million) because of the appeals court docket resolution.

NHTSA cited FCA’s disclosure and famous “rising the speed is more likely to result in a rise within the value of credit.” The company added that “to ignore the business’s severe reliance pursuits can be unfair and improper.”

Environmental teams urged the administration to retain the rise, noting U.S. gas economic system fines misplaced almost 75% of their authentic worth as a result of fines had been elevated solely as soon as — from $5 to $5.50 in 1997 — since 1975.

Dave Cooke, automobiles analyst on the Union of Involved Scientists, mentioned NHTSA’s resolution amounted to regulators “performing some last-minute favors” for the auto business.





Source link

Tags: agreesdelayeconomyfuelIncreasepenaltiesTrump

Related Posts

More Power, More Driven Wheels, More Money
Market

More Power, More Driven Wheels, More Money

July 2, 2025
The BMW M5 Wagon Is Already Getting More Expensive
Market

The BMW M5 Wagon Is Already Getting More Expensive

June 28, 2025
The 2026 Kia Seltos Is Cheaper Because of This One Change
Market

The 2026 Kia Seltos Is Cheaper Because of This One Change

June 29, 2025
Stellantis Boss Tells Employees to Stop Describing Themselves as Former FCA or PSA Workers
Market

Stellantis Boss Tells Employees to Stop Describing Themselves as Former FCA or PSA Workers

June 26, 2025
Affordable Used Cars are Disappearing
Market

Affordable Used Cars are Disappearing

June 27, 2025
Toyota’s Prices Are Going Up
Market

Toyota’s Prices Are Going Up

June 23, 2025
Load More
Next Post
General Motors reveals new logo

General Motors reveals new logo

My New Car 2020 Audi RS6 – Start Up, Rev Off, Launch Control

My New Car 2020 Audi RS6 - Start Up, Rev Off, Launch Control

Categories

  • Auto News (3,395)
  • Automative Reviews (1,919)
  • Car Brands (2,045)
  • Insurance (3,412)
  • Market (1,599)
  • New Cars (2,139)
  • Technology (2,012)
  • Videos (2,122)
Happy With Car

Find the latest automotive news. Read car news from the auto industry including auto shows, latest vehicles, future cars and more.

Categories

  • Auto News
  • Automative Reviews
  • Car Brands
  • Insurance
  • Market
  • New Cars
  • Technology
  • Videos

Recent News

  • Ferrari introduces Amalfi as Roma replacement
  • Noted Car Designer Frank Stephenson Teams Up With W Motors
  • New black thar 🖤 #automobile #thar #scorpio #trending #popular #viralvideo #viralshorts #shorts
  • Home
  • Disclaimer
  • DMCA
  • Privacy Policy
  • Cookie Privacy Policy
  • Terms and Conditions
  • Contact

Copyright © 2020 Happy With Car

No Result
View All Result
  • HOME
  • AUTO NEWS
  • AUTOMATIIVE REVIEWS
  • NEW CARS
  • CAR MARKET
  • CAR BRANDS
  • TECHNOLOGY
  • INSURANCE
  • FINANCE
  • VIDEOS

Copyright © 2020 Happy With Car

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In