Two major auto trade associations want U.S. regulators to reconsider plans to more than double fines for failing to meet fuel efficiency requirements, saying it could increase industry compliance costs by $1 billion annually.
The Alliance of Automobile Manufacturers and the Association of Global Automakers, which represent nearly all major automakers, asked the National Highway Traffic Safety Administration this week to reconsider its planned 150 percent increase in fines for automakers who fail to comply with the Corporate Average Fuel Economy (CAFE) program.
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