NHTSA said the decision “increases the accountability of manufacturers for violating the nation’s fuel economy standards.” Automakers previously warned the hike could raise industry costs by at least $1 billion annually.
The number of U.S. dealerships fell slightly in 2021. But average throughput, or new-vehicle sales per franchise, increased, according to Automotive News’ annual dealership census.
Beijing auto show organizers are expected to reschedule the April event because of surging coronavirus infections in multiple cities across China.
Automakers and battery companies are spending unprecedented sums of money as they build out North America’s EV supply chain.
Another 96,300 units were removed from production schedules over the past week due to the microchip shortage as the supply crisis continues to hamper production of even top-selling models.