Fine assessed against DaimlerChrysler
02-15-2008, 10:43 PM
#1
Fine assessed against DaimlerChrysler Heres an interesting one from CNNmoney. Since the European car companies are considered so forward thinking and environmentally friendly I found it odd that Mercedes and BMW would be fined for being gas guzzlers when no American car companies have received such fines.
The fine assessed against DaimlerChrysler surpassed the previous record $28 million fine against BMW for the 2001 model year. For the 2006 model year, BMW was hit with the second-biggest fine, but at about $5 million it was much lower than DaimlerChrysler's.
No American or Asian car company has ever had to pay a fine for violating government CAFE standards. Only European car companies, which mostly sell luxury and performance-oriented cars here, have had to pay such fines - and many do so routinely
Representatives of Mercedes-Benz USA and Chrysler LLC did not immediately respond to requests for comments on the fine. Since the fine was assessed against the combined DaimlerChrysler, it is not clear what portion of the fine, if any, Chrysler LLC will have to pay.
Cars produced in Canada and Mexico are counted as domestic products under fuel economy regulations.
No American or Asian car company has ever had to pay a fine for violating government CAFE standards. Only European car companies, which mostly sell luxury and performance-oriented cars here, have had to pay such fines - and many do so routinely
Representatives of Mercedes-Benz USA and Chrysler LLC did not immediately respond to requests for comments on the fine. Since the fine was assessed against the combined DaimlerChrysler, it is not clear what portion of the fine, if any, Chrysler LLC will have to pay.
Cars produced in Canada and Mexico are counted as domestic products under fuel economy regulations.
Last edited by TT632; 02-15-2008 at 11:01 PM.
