investing.com 12 Jan, 2021 19:00 am

Trump delays increase in fuel economy penalties at auto industry request By Reuters

Trump delays increase in fuel economy penalties at auto industry request

President Trump departs Washington on travel to Texas at Joint Base Andrews in Maryland p By David Shepardson WASHINGTON (Reuters) - The Trump administration agreed on Tuesday to an auto industry request to delay the start of dramatically higher penalties for companies that fail to meet fuel efficiency requirements, a move that could save the industry hundreds of millions of dollars or more.The auto industry trade group that sought relief praised the NHTSA's decision, noting vehicles that would have faced higher penalties "have already been sold or will soon be manufactured.Dave Cooke, vehicles analyst at the Union of Concerned Scientists, said NHTSA's decision amounted to regulators "doing some last-minute favors" for the auto industry.would like to remind you that the data contained in this website is not necessarily real-time nor accurate.

or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website.appeals court ruling in August that overturned the Trump administration’s 2019 decision to suspend a regulation that more than doubled penalties for automakers failing to meet fuel efficiency requirements.

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