financetom
Business
financetom
/
Business
/
California, Stellantis strike vehicle emissions deal
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
California, Stellantis strike vehicle emissions deal
Mar 20, 2024 9:24 AM

WASHINGTON (Reuters) - Chrysler parent Stellantis ( STLA ) and the state of California reached an agreement on emissions on Tuesday after the company unsuccessfully sought to join a deal that other automakers had struck with the state in 2019.

Under the agreement announced by the state and the company, Stellantis ( STLA ) will comply with California's zero-emissions, light-duty vehicle sales requirements through 2030 even if the state cannot enforce its rules.

In addition, the company will not oppose California's authority under the Clean Air Act for its greenhouse gas emissions and zero-emission vehicle standards.

Ford, Honda ( HMC ), Volkswagen and BMW struck a voluntary agreement with California in 2019 on reducing vehicle emissions and Volvo Cars, owned by China's Geely, joined soon afterward.

Stellantis ( STLA ) in December challenged the state's prior refusal to allow it to join the agreement, and said it had been forced to cut some work in Michigan and Ohio at two SUV plants, citing California emissions regulations.

Stellantis ( STLA ) CEO Carlos Tavares said on Tuesday the agreement "will avoid 10 to 12 million metric tons greenhouse gas emissions over the lifetime of the agreement and will also allow our U.S. customers to fully benefit from our advanced technologies."

The agreement will allow Stellantis ( STLA ) to join other automakers in complying with California's rules based on national sales.

Stellantis ( STLA ) has been limiting shipments of gasoline-powered vehicles to dealers in states adopting California's emissions rules and sales of plug-in electric vehicles to states adopting California rules.

California Governor Gavin Newsom said the partnership "with Stellantis ( STLA ) will help California achieve our ambitious goals to drastically cut pollution and get more clean cars on the roads."

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
Form 8.3
Form 8.3
Nov 19, 2025
LONDON--(BUSINESS WIRE)--   FORM 8.3 PUBLIC OPENING POSITION DISCLOSURE/DEALING DISCLOSURE BY A PERSON WITH INTERESTS IN RELEVANT SECURITIES REPRESENTING 1% OR MORE Rule 8.3 of the Takeover Code (the “Code”) 1. KEY INFORMATION (a) Full name of discloser: Marathon Asset Management Limited (b) Owner or controller of interests and short positions disclosed, if different from 1(a): The naming of nominee...
Magna International Launches New EV Drive System Plant in Wuhu, China
Magna International Launches New EV Drive System Plant in Wuhu, China
Nov 19, 2025
03:39 AM EST, 11/19/2025 (MT Newswires) -- Magna International ( MGA ) said late Tuesday it is establishing a new electric drive system production facility at the Jiujiang Economic Development Zone in Wuhu, China. The facility will begin by providing drive systems for Chinese automaker Chery and later add other clients, the company said. The new 160,000-square-foot facility will manufacture...
Ford to recall nearly 230,000 US vehicles over instrument panel display failure, NHTSA says
Ford to recall nearly 230,000 US vehicles over instrument panel display failure, NHTSA says
Nov 19, 2025
Nov 19 (Reuters) - Ford is recalling 229,609 Bronco vehicles in the U.S. due to a failure in the instrument panel display, such as warning lights or vehicle speed, the U.S. National Highway Traffic Safety Administration said on Wednesday. The regulator said the instrument panel's software will be updated by a dealer or through an over-the-air (OTA) update, free of...
EU to ease AI, privacy rules as critics warn of caving to Big Tech, Trump
EU to ease AI, privacy rules as critics warn of caving to Big Tech, Trump
Nov 19, 2025
* EU plans to simplify AI and privacy laws to ease business operations * Critics argue changes favour Big Tech and Trump administration * Privacy activists warn of biggest digital rights rollback in EU history By Supantha Mukherjee and Foo Yun Chee STOCKHOLM/BRUSSELS, Nov 19 (Reuters) - Europe is set to streamline its AI and privacy laws on Wednesday to...
Copyright 2023-2026 - www.financetom.com All Rights Reserved