Chrysler-Parent Stellantis Paid $190.7 Million In Civil Penalties For Failing To Meet U.S. Fuel Economy Requirements, Owes Additional $459.7 Million
Portfolio Pulse from Benzinga Newsdesk
Stellantis, the parent company of Chrysler, has paid $190.7 million in civil penalties for failing to meet U.S. fuel economy requirements and owes an additional $459.7 million.
July 19, 2024 | 5:56 pm
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Stellantis has incurred significant penalties totaling $650.4 million for failing to meet U.S. fuel economy requirements. This financial burden could impact the company's short-term stock price negatively.
The substantial penalties of $650.4 million represent a significant financial burden for Stellantis. This could lead to a negative short-term impact on the stock price as investors react to the increased costs and potential implications for future profitability.
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