Stellantis Fined $190.6M for Missing U.S. Fuel Economy Standards

Stellantis, the fourth-largest automaker globally, has paid a total of 190.6 million dollars in fines this year for failing to meet U.S. fuel economy standards. The company, which was formed in 2021 through the merger of Italy's Fiat Chrysler Automobiles and France's PSA Group, has been penalized for its 2019 and 2020 model years not meeting the required fuel efficiency benchmarks. The National Highway Traffic Safety Administration reported that Stellantis paid 112.3 million dollars in June and 78.3 million dollars in March, both of which were penalties for non-compliance with fuel economy regulations.

The National Highway Traffic Safety Administration's annual report detailed that Stellantis has accumulated a total of 773.5 million dollars in fines since 2018. This significant financial penalty underscores the regulatory scrutiny faced by automakers in the U.S. regarding fuel efficiency standards. The National Highway Traffic Safety Administration also informed manufacturers last month that, under a law signed by Donald Trump, fines for non-compliance with fuel efficiency standards for 2022 and subsequent model years would be temporarily waived.

Stellantis, which owns several well-known brands including Chrysler, Jeep, Peugeot, and Citroën, confirmed the fine amounts. The company's substantial penalties highlight the challenges automakers face in balancing regulatory compliance with market demands and technological advancements. The fines serve as a reminder of the importance of adhering to fuel economy standards, which are crucial for reducing greenhouse gas emissions and promoting sustainable transportation.