US Proposes Hefty Safety Violation Fine On GM Joint Venture Plant: Report
Portfolio Pulse from Shivani Kumaresan
The Occupational Safety and Health Administration (OSHA) has proposed a $270,000 fine on a joint venture battery plant in Ohio, operated by General Motors Company (NYSE:GM) and LG Energy Solution, due to safety and health violations. The proposal follows an investigation into a fire and explosion incident that occurred in March. OSHA investigators identified 19 safety and health violations at the facility.
October 12, 2023 | 6:16 pm
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General Motors faces a proposed fine of $270,000 for safety and health violations at its joint venture battery plant in Ohio. This could potentially impact the company's financials and reputation.
The proposed fine by OSHA due to safety and health violations could lead to financial implications for General Motors. Additionally, such incidents could harm the company's reputation, potentially affecting investor sentiment and stock price.
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