Tainted green

29 October 2019 By Antony Currie Follow @AntonyMCurrie

The U.S. automaker is among several supporting a White House legal push to strip California of its right to regulate tailpipe emissions. If successful, the move will encourage sales of gas-guzzling SUVs and trucks. GM is delaying its non-polluting future as long as possible.

This content is for Subscribers only

Context News

Fiat Chrysler Automobiles, General Motors, Hyundai Motor and Toyota Motor on Oct. 28 said in a filing with the U.S. appeals court that they support the efforts of President Donald Trump’s administration to prevent California from setting its own tailpipe-emissions standards.

GM on Oct. 29 reported third-quarter net income of $2.3 billion, or $1.60 a share, compared with the mean estimate of sell-side analysts of $1.31 a share, according to Refinitiv data. The 40-day strike at its U.S. plants, which ended last week, cost $1 billion in adjusted earnings before interest and taxes.

Email a friend

Please complete the form below.

Required fields *