Tag: General Motors
San Francisco Sued For $121 Million By GM Over Seven Years Of Back Taxes, Interest
General Motors sued the City of San Francisco this week, looking to recover $108 million in back taxes accrued over the past seven years, as well as $13 million in penalties and interest charged against the company. Throughout 2023, GM...
EPA Announces That California Can Set Own Vehicle Emissions Standards Once Again
The Environmental Protection Agency (EPA) announced on Wednesday that they would be dropping a 2019 order known as SAFE-1 that bars California from having their own vehicle emission standards, allowing California and other states to once again have the more...
GM Announces Recognition of California’s Vehicle Emissions Standards
General Motors announced on Sunday that it would recognize California’s authority to set new Clean Air Act vehicle emissions standards, ending a years long battle between federal and state-level laws on acceptable emissions from vehicles. For years, especially during the...
GM Agrees To $5.75 Million Settlement With California
During the weekend, General Motors announced that it had agreed to a $5.75 million settlement with the state of California over false statements that GM had told their investors about defective ignition switches. According to government officials, GM had found...
GM Backs California’s Automotive Emission Standards
On Monday, General Motors CEO Mary Barra announced that GM would no longer litigate against California’s car emission standards and instead join the state and the Biden Administration in embracing the tougher standards. Since September of last year, GM, along...
Gov. Newsom’s Climate Change Executive Order Looting Road Funds Short on Details, Long on ‘Social Investing’
‘There’s a growing understanding that climate change is a material risk to investors and companies just like cyber-terrorism or inflation.’ Recently California Gov. Gavin Newsom signed an Executive Order authorizing the looting of voter-approved gas tax funding for road repairs...