SHOE DROPS: GM Faces Suit on Alleged Diesel Emissions Cheating
Car manufacturers are under the sword from law firms and regulatory agencies when it comes to diesel nitrogen oxide emissions testing. Nissan, Subaru, Fiat Chrysler, Daimler AG, have all been accused or sued for using methods to dodge emission rules. The first casualty of stemming from the scandals was Volkswagen, which paid a heavy price financially and legally.
Public institutional investors such as Norway’s Government Pension Fund Global and Swiss National Bank have exposure to car companies like General Motors (GM).
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