WASHINGTON, Oct 2 (Reuters) – U.S. President Joe Biden’s administration’s plan to raise fuel economy standards by 2032 would cost General Motors $6.5 billion and Stellantis a fine of $3 billion, according to a letter seen by Reuters.
The U.S. Automotive Policy Council, which represents GM and Stellantis as well as Ford, said in a letter Friday to the federal Energy Department that the scale of anticipated fines for failing to meet the planned 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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