Mercedes Forum
01-09-2009, 12:04 AM
Filed under: Government/Legal (http://www.autoblog.com/category/government-legal/), Green (http://www.autoblog.com/category/green/), Mercedes-Benz (http://www.autoblog.com/category/mercedes-benz/), Earnings/Financials (http://www.autoblog.com/category/earnings-financials/)
http://www.blogcdn.com/www.autoblog.com/media/2009/01/sl65amgblackseries22_580op.jpg (http://www.freep.com/article/20090106/BUSINESS01/90106086/1014/rss13)
According to the NHTSA, more than $37 million in fines were collected last year for cars sold in 2007 from manufacturers that failed to meet current CAFE standards. Of the six manufacturers that paid fines, Mercedes-Benz was hit the hardest, racking up an astounding $28.9 million bill that was paid in December. That's a huge figure, especially in this troubled automotive market, but it's actually a bit smaller than the $30.3 million fine (http://www.autoblog.com/2007/12/31/nhtsa-releases-06-cafe-fines-daimler-chrysler-takes-cake/) paid by DaimlerChrysler the previous year -- a figure that still holds the record. Go Daimler!
Other marques that failed to meet CAFE requirements included Volkswagen, which was hit with a $4.5 million sum, along with Porsche and Maserati, both of which paid fees of $1.2 million and Ferrari, which managed to skate by with a relatively paltry $1.1 million fine.
With increasingly strict regulations (http://www.autoblog.com/2008/04/22/nhtsa-announces-new-cafe-standards-through-2015/) expected in the near future, these fines don't exactly bode well for the manufacturers of higher-end luxury vehicles, and the fact that the timing for these requirements is still undecided (http://www.autoblog.com/2009/01/08/bush-declines-to-enact-higher-fuel-economy-standards/)makes it even tougher to plan for them.
[Source: Detroit Free Press (http://www.freep.com/article/20090106/BUSINESS01/90106086/1014/rss13)]Mercedes-Benz pays $28.9m in fines for fuel efficiency crimes (http://www.autoblog.com/2009/01/08/mercedes-benz-pays-28-9m-in-fines-for-fuel-efficiency-crimes/) originally appeared on Autoblog (http://www.autoblog.com) on Thu, 08 Jan 2009 16:27:00 EST. Please see our terms for use of feeds (http://www.weblogsinc.com/feed-terms/).
Read (http://www.freep.com/article/20090106/BUSINESS01/90106086/1014/rss13) | Permalink (http://www.autoblog.com/2009/01/08/mercedes-benz-pays-28-9m-in-fines-for-fuel-efficiency-crimes/) | Email this (http://www.autoblog.com/forward/1423386/) | Comments (http://www.autoblog.com/2009/01/08/mercedes-benz-pays-28-9m-in-fines-for-fuel-efficiency-crimes/#comments)
Read more... (http://www.autoblog.com/2009/01/08/mercedes-benz-pays-28-9m-in-fines-for-fuel-efficiency-crimes/)
http://www.blogcdn.com/www.autoblog.com/media/2009/01/sl65amgblackseries22_580op.jpg (http://www.freep.com/article/20090106/BUSINESS01/90106086/1014/rss13)
According to the NHTSA, more than $37 million in fines were collected last year for cars sold in 2007 from manufacturers that failed to meet current CAFE standards. Of the six manufacturers that paid fines, Mercedes-Benz was hit the hardest, racking up an astounding $28.9 million bill that was paid in December. That's a huge figure, especially in this troubled automotive market, but it's actually a bit smaller than the $30.3 million fine (http://www.autoblog.com/2007/12/31/nhtsa-releases-06-cafe-fines-daimler-chrysler-takes-cake/) paid by DaimlerChrysler the previous year -- a figure that still holds the record. Go Daimler!
Other marques that failed to meet CAFE requirements included Volkswagen, which was hit with a $4.5 million sum, along with Porsche and Maserati, both of which paid fees of $1.2 million and Ferrari, which managed to skate by with a relatively paltry $1.1 million fine.
With increasingly strict regulations (http://www.autoblog.com/2008/04/22/nhtsa-announces-new-cafe-standards-through-2015/) expected in the near future, these fines don't exactly bode well for the manufacturers of higher-end luxury vehicles, and the fact that the timing for these requirements is still undecided (http://www.autoblog.com/2009/01/08/bush-declines-to-enact-higher-fuel-economy-standards/)makes it even tougher to plan for them.
[Source: Detroit Free Press (http://www.freep.com/article/20090106/BUSINESS01/90106086/1014/rss13)]Mercedes-Benz pays $28.9m in fines for fuel efficiency crimes (http://www.autoblog.com/2009/01/08/mercedes-benz-pays-28-9m-in-fines-for-fuel-efficiency-crimes/) originally appeared on Autoblog (http://www.autoblog.com) on Thu, 08 Jan 2009 16:27:00 EST. Please see our terms for use of feeds (http://www.weblogsinc.com/feed-terms/).
Read (http://www.freep.com/article/20090106/BUSINESS01/90106086/1014/rss13) | Permalink (http://www.autoblog.com/2009/01/08/mercedes-benz-pays-28-9m-in-fines-for-fuel-efficiency-crimes/) | Email this (http://www.autoblog.com/forward/1423386/) | Comments (http://www.autoblog.com/2009/01/08/mercedes-benz-pays-28-9m-in-fines-for-fuel-efficiency-crimes/#comments)
Read more... (http://www.autoblog.com/2009/01/08/mercedes-benz-pays-28-9m-in-fines-for-fuel-efficiency-crimes/)