Japanese Car Zone - View Single Post - BMW AG & other automakers have to pay fuel economy fines in US

EnI · 01-06-2006, 10:26 AM

Nothing new, but still interesting.

BMW AG, other automakers pay fuel economy fines

1/6/2006, 9:12 a.m. ET
The Associated Press

WASHINGTON (AP) — Automakers, led by BMW AG and DaimlerChrysler AG, paid nearly $32 million in penalties in 2005 for failing to comply with fuel economy regulations, according to government figures released this week.

BMW paid more than $12 million for three separate violations of the Corporate Average Fuel Economy regulations. The rules are put into place to ensure vehicles meet basic gas mileage standards.

DaimlerChrysler paid $8.5 million, followed by Porsche AG with nearly $6.4 million and Volkswagen AG with $3.4 million. Ferrari Maserati North America Inc. paid $1.5 million.

For 2006 model year vehicles, the requirement for cars is 27.5 miles per gallon and for light trucks it's 21.6 mpg.

Many manufacturers of luxury vehicles regularly consider the CAFE fines as the cost of doing business. The fines are paid to the National Highway Traffic Safety Administration.

Source: BusinessWeek

01-06-2006, 10:26 AM	#1
EnI Aficionado Join Date: Sep 2005 Posts: 4,905 Thanks: 124 Thanked 1,737 Times in 840 Posts	BMW AG & other automakers have to pay fuel economy fines in US Nothing new, but still interesting. BMW AG, other automakers pay fuel economy fines 1/6/2006, 9:12 a.m. ET The Associated Press WASHINGTON (AP) — Automakers, led by BMW AG and DaimlerChrysler AG, paid nearly $32 million in penalties in 2005 for failing to comply with fuel economy regulations, according to government figures released this week. BMW paid more than $12 million for three separate violations of the Corporate Average Fuel Economy regulations. The rules are put into place to ensure vehicles meet basic gas mileage standards. DaimlerChrysler paid $8.5 million, followed by Porsche AG with nearly $6.4 million and Volkswagen AG with $3.4 million. Ferrari Maserati North America Inc. paid $1.5 million. For 2006 model year vehicles, the requirement for cars is 27.5 miles per gallon and for light trucks it's 21.6 mpg. Many manufacturers of luxury vehicles regularly consider the CAFE fines as the cost of doing business. The fines are paid to the National Highway Traffic Safety Administration. Source: BusinessWeek