General Motors Co., Ford Motor Co. and Stellantis NV face a combined $10.5 billion in fines from 2027 to 2032 under stricter proposed average fuel economy rules that target SUV and truck manufacturers, according to an estimate from their Washington-based trade group.
The US National Highway Traffic Safety Administration has proposed a fleetwide average mandate, known as the Corporate Average Fuel Economy standard, of about 58 miles (93 kilometers) per gallon by 2032. The more stringent rules are part of a Biden administration effort to cut emissions and accelerate the country’s transition to electric vehicles.
That would disproportionately ...
