Business & Investment

15 states sue U.S. agency for delayed increase in automaker’s emission penalties by Reuters

© Reuters. The exhaust system for Volkswagen Passat TDI diesel vehicles can be found in Esquibien, France.

David Shepherdson

Washington (Reuters)-National Highway Traffic Safety Administration (NHTSA) agreed on the requirements of the automotive industry under then-President Donald Trump last month, after 15 U.S. states joined the National Highway Traffic Safety Administration (NHTSA) on Tuesday. I sued. Meet fuel economy requirements.

Attorney Generals, including California and New York, have filed a proceeding in the United States Court of Appeals for the Second Circuit over a decision announced on the final day of the Trump administration that could save more than hundreds of millions of dollars in the industry.

NHTSA said last month that the final rules expect the industry’s future burden to be significantly reduced by up to $ 1 billion annually.

California Attorney General Xavier Besera said on Twitter that the decision “consolidates Trump’s legacy of prioritizing industry over public health.”

NHTSA and a group representing major car makers did not comment immediately on Tuesday.

Last month, the Sierra Club and the National Highway Traffic Safety Administration also sued NHTSA for delaying penalties.

Mr. Trump’s move followed the August Court of Appeals’ ruling overturning the government’s 2019 decision to suspend regulations to more than double penalties for car makers that do not meet fuel efficiency requirements. ..

Parliament in 2015 ordered federal agencies to adjust civil penalties to explain inflation. In response, NHTSA has issued a rule that raises the fine from $ 5.50 to $ 14 for every 0.1 miles per gallon a new vehicle consumes above the required standards.

Fiat Chrysler Automobiles, now known as Stellantis NV, paid $ 77.3 million for failing to meet 2016 requirements and then $ 79 million for failing to meet 2017 fuel economy requirements. I paid.

Environmental groups have called on the Trump administration to maintain a fine increase, and the US fuel economy fine has been raised only once since 1975 (from $ 5 to $ 5.50 in 1997), so its original value. He said he lost nearly 75% of the money.

President Joe Biden has separately ordered the Trump administration’s decision to roll back vehicle emissions standards until 2026 and ban California from setting vehicle tailpipe emission limits.

Disclaimer: Fusion media We inform you that the data contained on this website is not necessarily real-time or accurate. All CFDs (stocks, indexes, futures) and forex prices are provided by the market maker, not the exchange, so prices may not be accurate and may differ from actual market prices. In other words, price is an indicator and is not suitable for trading purposes. Therefore, Fusion Media is not responsible for any transactional losses that may occur as a result of using this data.

Fusion media Alternatively, anyone involved in Fusion Media will not be liable for any loss or damage resulting from relying on the data, quotes, charts, trading signals and other information contained on this website. Be fully informed about the risks and costs associated with trading in financial markets. This is one of the most risky forms of investment possible.



15 states sue U.S. agency for delayed increase in automaker’s emission penalties by Reuters

https://www.investing.com/news/stock-market-news/15-states-sue-us-agency-over-delayed-hike-in-automaker-emissions-penalties-2420296 15 states sue U.S. agency for delayed increase in automaker’s emission penalties by Reuters

Back to top button