General Motors Pays $128.2M In U.S. Fuel Economy Penalties; Stellantis Pays $235.5M To U.S. Government In Fuel Economy Penalties
Portfolio Pulse from Benzinga Newsdesk
General Motors (GM) and Stellantis (STLA) have paid $128.2M and $235.5M respectively in fuel economy penalties to the U.S. government.
June 02, 2023 | 1:15 pm
News sentiment analysis
Sort by:
Descending
NEGATIVE IMPACT
General Motors paid $128.2M in fuel economy penalties to the U.S. government.
The payment of $128.2M in penalties by General Motors is a negative development for the company, as it represents a financial loss and potential reputational damage. This may lead to a short-term negative impact on the stock price.
CONFIDENCE 90
IMPORTANCE 60
RELEVANCE 100
NEGATIVE IMPACT
Stellantis paid $235.5M in fuel economy penalties to the U.S. government.
The payment of $235.5M in penalties by Stellantis is a negative development for the company, as it represents a financial loss and potential reputational damage. This may lead to a short-term negative impact on the stock price.
CONFIDENCE 90
IMPORTANCE 60
RELEVANCE 100