GM Jul 2024 58.000 call
- The Canadian Press
GM will pay $146 million in penalties because 5.9 million older vehicles emit excess carbon dioxide
WASHINGTON (AP) — General Motors will pay nearly $146 million in penalties to the federal government because 5.9 million of its older vehicles do not comply with emissions and fuel economy standards.
- Reuters
GM to pay $145.8 million penalty after US finds excess emissions
(Reuters) -General Motors will pay a $145.8 million penalty and forfeit credits worth hundreds of millions of dollars after a U.S. government investigation found excess emissions from approximately 5.9 million GM vehicles, government agencies said on Wednesday. The Environmental Protection Agency said GM has agreed to give up approximately 50 million metric tons in carbon allowances after the multi-year investigation found vehicles from the 2012-2018 model years were emitting more than 10% higher carbon dioxide on average than GM's initial compliance reports claimed. The National Highway Traffic Safety Administration separately said GM will pay a $145.8 million penalty for fuel economy compliance issues and cancel more than 30.6 million fuel economy credits for the 2008-2010 model years to resolve the issues identified by EPA's light-duty vehicle in-use testing program.
- Zacks
General Motors (GM) Q2 US Deliveries Rise on Strong EV Sales
General Motors' (GM) second-quarter U.S. sales rise 0.6% year over year due to high full-size pickup trucks and EV sales.
