06:40 AM EDT, 07/22/2024 (MT Newswires) -- Stellantis ( STLA ) paid $190.7 million in penalties earlier this year for failing to meet US fuel economy requirements for 2019 and 2020, Reuters reported Friday, citing the National Highway Traffic Safety Administration.

The Chrysler parent also owes another $459.7 million in outstanding penalties, the report said.

Stellantis ( STLA ) was quoted in the report saying that the penalties are "not indicative of the company's direction" since they were incurred before they were created in 2021.

Stellantis ( STLA ) and the NHTSA did not immediately respond to MT Newswires' requests for comment.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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