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Trump delays increase in fuel economy penalties at auto industry request

Kitco News

WASHINGTON (Reuters) - The Trump administration agreed on Tuesday to an auto industry request to delay the start of dramatically higher penalties for companies that fail to meet fuel efficiency requirements, a move that could save the industry hundreds of millions of dollars or more.

The decision -- announced eight days before President-elect Joe Biden takes office -- follows a U.S. appeals court in August that overturned the Trump administration’s 2019 decision to suspend a regulation that more than doubled penalties for automakers failing to meet fuel efficiency requirements.

Reporting by David Shepardson, Editing by Franklin Paul

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