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Mercedes to stop paying CAFE fines

Mercedes-Benz is hoping that its new lineup of hybrids and 5.5-liter twin-turbocharged V-8s will help it meet the current CAFE standards of 27.5 mpg, which will result in the auto giant not being fined millions of dollars like it has been for the past few decades. Mercedes also hopes it can continue to meet the increasing CAFE standards to prevent any fines in the future.

Since 1983 Mercedes-Benz has paid more than $200 million in fines (It is hard to decipher the exact figure that Mercedes had to pay because of the years that Mercedes was paired up with Chrysler). Those costs are then passed on to its customers. Mercedes made a payment of $28,947,776 to the U.S. government in December of 2008 for the 2007 model year, its largest payment ever.

BMW, who seems to also be working on meeting the future more-stringent CAFE standards, was fined nearly $250 million since 1983. Just to give you some scale, Porsche was fined a tad more than $50 million and Ferrari has only paid out a little more than $6 million for the same time period.

CAFE, or Corporate Average Fuel Economy, standards will be climbing to 35.5 mpg by 2016 and the fines for not meeting that standard will be determined by how far below the standard the car’s fleet average consumption is. You may recall that Porsche is lobbying U.S. legislatures to avoid the huge fines if it cannot meet the future standards.

Look through all the fines paid so far here.

[via NHTSA, AutoBlogGreen, and Edmunds GreenCarAdvisor]

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Posted by: Benjamin Greene
Posted on: 3/17/2010 at 5:53 AM
Categories: BMW | Ferrari | Mercedes-Benz
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