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DaimlerChrysler Paid Record $30.3M CAFE Fine In '07

Law360 (January 3, 2008, 12:00 AM EST) -- DaimlerChrysler Corp. paid a record $30.3 million fine last year for failing to meet United States federal fuel efficiency guidelines, according to the National Highway Traffic Safety Administration.

The automaker, which was divided in two last year after private equity firm Cerberus Capital Management acquired a stake in Chrysler in August, paid up after the NHTSA found that its 2006 model year imported fleet did not meet federal Corporate Average Fuel Economy, or CAFE, standards.

Chrysler LLC spokesman Max Gates said the U.S. company only paid...
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