GM
By Denny Jacob
The Environmental Protection Agency disclosed that General Motors agreed to retire about 50 million metric tons of greenhouse gas credits to resolve excess carbon dioxide emissions identified in nearly 6 million vehicles.
The EPA said the agreement, stemming from its light-duty vehicle in-use testing programming, identified the issue from about 5.9 million 2012-2018 model year GM vehicles currently in use. This action involves about 4.6 million full-sized pickups and SUVs, and about 1.3 million midsize SUVs.
The regulator said tests done by both the EPA and GM showed the automaker's vehicles were emitting 10% higher levels of carbion dioxide on average than GM's initial compliance reports claimed. Automakers are required to test vehicles that have been on the road for one year and again at four years, and submit those test results to the EPA, which also conducts its own tests.
Write to Denny Jacob at [email protected]
(END) Dow Jones Newswires
07-03-24 1217ET