Federal regulators jolted the auto industry with two surprising pieces of news this month. First, Uncle Sam says that the fines automakers incur for falling short of government fuel economy rules are doubling, a painful blow for the industry. And second, the government doesn’t believe the car industry will hit the lofty fuel economy goal that regulators targeted for the year 2025. It all sounds a bit contradictory. But on closer inspection, the feds’ actions start to make sense.
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