Stock

Stellantis unit to pay $4.2 million to resolve California emissions probe

(Reuters) – Stellantis (NYSE:STLA) unit FCA US agreed to pay $4.2 million to resolve a California investigation into excess emissions, the state said on Monday.

The California Air Resources Board (CARB) said the vehicles covered by the settlement include 2014 through 2016 Ram ProMaster 1500, 2500 and 3500 vehicles equipped with 3.0L diesel engines.

The state said the vehicles had an unapproved device that circumvented emissions control and resulted in nearly 55 tons of excess oxides of nitrogen being released into the air. Stellantis in 2022 paid a $5.6 million settlement for similar allegations involving gas-powered vehicles.

This post appeared first on investing.com

You May Also Like

Editor's Pick

Former president Donald Trump and his allies have filed hundreds of lawsuits, with more to come, seeking to tighten voting rules or disqualify voters....

Economy

LONDON (Reuters) – Bank of England interest rate-setter Megan Greene said she still believed the central bank should take a cautious approach to cutting...

Editor's Pick

Sister Stephanie Schmidt had a hunch about what her fellow nuns would discuss over dinner at their Erie, Pennsylvania, monastery on Wednesday night. The...

Latest News

Warner Bros. Discovery said Thursday its streaming platform Max added 7.2 million global subscribers in the third quarter. It marked the biggest quarterly growth for...

Disclaimer: beneficialinvestmentnow.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

Copyright © 2024 beneficialinvestmentnow.com

Exit mobile version