California Governor Newsom Says California Reaches Vehicle Emissions Agreement With Stellantis; Stellantis Agrees Not To Oppose California's Authority Under The Clean Air Act For Its Greenhouse Gas, Zero-Emission Standards
Portfolio Pulse from Benzinga Newsdesk
California Governor Newsom announced an agreement with Stellantis on vehicle emissions, where Stellantis agrees not to oppose California's authority under the Clean Air Act for its greenhouse gas and zero-emission standards.
March 19, 2024 | 8:45 pm
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Stellantis has reached an agreement with California on vehicle emissions, agreeing not to challenge the state's authority under the Clean Air Act regarding greenhouse gas and zero-emission standards.
This agreement likely positions Stellantis in a favorable light regarding environmental responsibility and regulatory compliance. It may improve the company's public image and potentially lead to a positive market response in the short term, as investors often react positively to news that reduces regulatory uncertainty and showcases a commitment to sustainability.
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