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Fiat Chrysler faces $79 million U.S. penalty for fuel economy shortfall

Published 10/16/2019, 02:44 PM
Updated 10/16/2019, 02:46 PM
Fiat Chrysler faces $79 million U.S. penalty for fuel economy shortfall
STLAM
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WASHINGTON (Reuters) - Fiat Chrysler Automobiles NV (MI:FCHA) faces a $79 million U.S. civil penalty for failing to meet 2017 fuel economy requirements, the automaker confirmed Wednesday.

The Italian-American automaker paid $77.3 million last year for a 2016 model year fuel-economy shortfall and a company spokesman confirmed Wednesday the company has received a letter on the 2017 penalty and has 60 days to respond.

The National Highway Traffic Safety Administration, which administers the program, said in a report Wednesday that Fiat Chrysler had failed to meet the 2017 minimum "domestic passenger car" requirements. Fiat Chrysler said Wednesday it still plans to spend $10 billion through 2022 to develop more than 30 hybrid and electric vehicles.

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