WASHINGTON, June 5 (Reuters) - Senate Republicans on
Thursday proposed eliminating fines for automakers who fail to
meet Corporate Average Fuel Economy rules as part of a
wide-ranging tax bill, a boost to Detroit automakers selling
gas-powered vehicles.
Last year, Chrysler-parent Stellantis ( STLA ) paid $190.7
million in civil penalties for failing to meet U.S. fuel economy
requirements for 2019 and 2020 after paying nearly $400 million
for penalties from 2016 through 2019. GM previously paid
$128.2 million in penalties for 2016 and 2017.