Fuel Efficiency Fine
It was reported in newspapers today (January 3, 2008) that Daimler-Chrysler paid a record $30.3 million Corporate Average fuel Economy (CAFE) fine for violating fuel efficiency requirements set by the National Highway Traffic Safety Administration. The fine was based on imported passenger cars from 2006- primarily Mercedes-Benz luxury cars.
I didn't know that besides the buyer paying a gas guzzler tax (except for trucks and SUVs), the parent company also takes a major hit. Talk about a double penalty! [sm=boosign.gif]
I wonder if this news will have any affect on Cerberus' long term plans for its SRT line of cars?