GM Jul 2024 48.000 put
- The Telegraph
Trader bets £2m on biggest interest rate cut in four years
A money markets trader has placed a £2m bet on the Bank of England making the biggest interest rate cut in four years next month after inflation fell back to its 2pc target.
- Zacks
General Motors (GM) Faces $146M Fine for Excess Emission
General Motors (GM) is set to pay a fine of $146 million to the federal government as its older vehicles fail to meet emissions and fuel economy standards.
- Reuters
GM to pay $145.8 million penalty after US finds excess emissions
(Reuters) -General Motors will pay a $145.8 million penalty and forfeit credits worth hundreds of millions of dollars after a U.S. government investigation found excess emissions from approximately 5.9 million GM vehicles, government agencies said on Wednesday. The Environmental Protection Agency said GM has agreed to give up approximately 50 million metric tons in carbon allowances after the multi-year investigation found vehicles from the 2012-2018 model years were emitting more than 10% higher carbon dioxide on average than GM's initial compliance reports claimed. The National Highway Traffic Safety Administration separately said GM will pay a $145.8 million penalty for fuel economy compliance issues and cancel more than 30.6 million fuel economy credits for the 2008-2010 model years to resolve the issues identified by EPA's light-duty vehicle in-use testing program.
