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Fiat Chrysler to pay $79M in US for failing to meet fuel economy requirements

Fiat Chrysler Automobiles NV's U.S. arm needs to pay civil penalties amounting to $79 million for failing to meet 2017 fuel economy requirements imposed by the National Highway Traffic Safety Administration, the automaker confirmed to S&P Global Market Intelligence.

FCA U.S. paid $77.3 million in 2018 for failing to meet the 2016 model year fuel economy standards, according to data from the NHTSA.

Fiat Chrysler said it remains committed to invest €9 billion through 2022 to develop vehicle architectures that will accommodate more than 30 electrified nameplates.

The company has received a letter from the NHTSA regarding the penalty and has 60 days to respond, according to Reuters.