updated 1/6/2006 11:58:07 AM ET 2006-01-06T16:58:07

Automakers, led by BMW AG and DaimlerChrysler AG, paid nearly $32 million in penalties in 2005 for failing to comply with fuel economy regulations, according to government figures released this week.

BMW paid more than $12 million for three separate violations of the Corporate Average Fuel Economy regulations. The rules are put into place to ensure vehicles meet basic gas mileage standards.

DaimlerChrysler paid $8.5 million, followed by Porsche AG with nearly $6.4 million and Volkswagen AG with $3.4 million. Ferrari Maserati North America Inc. paid $1.5 million.

For 2006 model year vehicles, the requirement for cars is 27.5 miles per gallon and for light trucks it's 21.6 miles per gallon.

Many manufacturers of luxury vehicles regularly consider the CAFE fines as the cost of doing business. The fines are paid to the National Highway Traffic Safety Administration.

© 2012 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

Discuss:

Discussion comments

,

Most active discussions

  1. votes comments
  2. votes comments
  3. votes comments
  4. votes comments

Data: Latest rates in the US

Home equity rates View rates in your area
Home equity type Today +/- Chart
$30K HELOC FICO 2.44%
$30K home equity loan FICO 5.78%
$75K home equity loan FICO 4.54%
Credit card rates View more rates
Card type Today +/- Last Week
Low Interest Cards 13.57%
13.57%
Cash Back Cards 17.91%
17.91%
Rewards Cards 17.15%
17.15%
Source: Bankrate.com