Stellantis, General Motors Pay $363M In US Fuel Economy Penalties: Report
Portfolio Pulse from Shivani Kumaresan
Stellantis and General Motors have paid a total of $363 million in civil penalties for failing to meet U.S. fuel economy requirements in prior years. Stellantis paid $235.5 million for the 2018 and 2019 model years, while GM paid $128.2 million for the 2016 and 2017 model years.
June 02, 2023 | 5:04 pm
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NEGATIVE IMPACT
General Motors paid $128.2 million in civil penalties for failing to meet U.S. fuel economy requirements for the 2016 and 2017 model years.
The penalty payment is a negative event for General Motors as it reflects past performance issues and could impact investor sentiment. However, the company is working towards a zero-emissions future and may use various strategies to comply with stricter CAFE regulations.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEGATIVE IMPACT
Stellantis paid $235.5 million in civil penalties for failing to meet U.S. fuel economy requirements for the 2018 and 2019 model years.
The penalty payment is a negative event for Stellantis as it reflects past performance issues and could impact investor sentiment. However, the company has stated that this is not indicative of its future direction.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100