WASHINGTON, Oct 2 (Reuters) – U.S. President Joe Biden’s administration’s plan to raise fuel economy standards by 2032 would cost General Motors GM.N a $6.5 billion fine and Stellantis STLAM.MI fined $3 billion, according to a letter seen by Reuters.
The U.S. Automotive Policy Council, which represents GM and Stellantis as well as Ford FN, said in a letter Friday to the federal Department of Energy that the scale of anticipated fines for failing to meet the proposed standards was “alarming.”
He asked the department to reconsider its plan, which the letter said would result in “disproportionately high compliance costs” for U.S. automakers.
(Reporting David Shepardson; French version Jean Terzian, edited by Nicolas Delame)
2023-10-02 17:45:54
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