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GM will pay $146 million in penalties because 5.9 million older vehicles emit excess carbon dioxide (apnews.com)
submitted 1 week ago by BrikoX to c/legalnews
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General Motors will pay nearly $146 million in penalties to the federal government because 5.9 million of its older vehicles don’t comply with emissions and fuel economy standards.

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[-] [email protected] 24 points 1 week ago* (last edited 1 week ago)

For context:

The automaker expects its net income for the year will be between $10.1 billion and $11.5 billion, above its previous guidance of $9.8 billion to $11.2 billion. GM's first-quarter 2024 net income was up from last year's $2.4 billion

source

So somewhere around the 1% of their annual profit, not even pocket change. In other words - they've not been given a fine, but rather a pass to continue doing whatever the fuck they want at a nice low cost.

[-] [email protected] 8 points 1 week ago

Yeah, this is only $24 per illegal car. If the fix costs more than $24, it’s literally cheaper to just ignore the problem and eat the fine.

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this post was submitted on 06 Jul 2024
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