VWAGY - What's Happening With General Motors Shares On Wednesday? | Benzinga
Shares of automobile major General Motors Co (NYSE:GM) are trading lower today.
The company has agreed to retire approximately 50 million metric tons of greenhouse gas credits to address excess CO2 emissions identified by the U.S. Environmental Protection Agency (EPA).
This agreement follows an EPA investigation that revealed excess emissions from around 5.9 million GM vehicles from the 2012-2018 model years.
The company will also pay a $145.8 million penalty. The National Highway Traffic Safety Administration (NHTSA) announced that GM would pay the penalty for fuel economy compliance issues and cancel over 30.6 million fuel economy credits for the 2008-2010 model years, reported Reuters.
The EPA’s ...