Advertisement
Singapore markets closed

  • Straits Times Index

    3,280.10
    -7.65 (-0.23%)
     

  • Nikkei

    37,934.76
    +306.28 (+0.81%)
     

  • Hang Seng

    17,651.15
    +366.61 (+2.12%)
     

  • FTSE 100

    8,138.18
    +59.32 (+0.73%)
     

  • Bitcoin USD

    63,624.22
    +125.43 (+0.20%)
     

  • CMC Crypto 200

    1,329.17
    -67.36 (-4.83%)
     

  • S&P 500

    5,095.68
    +47.26 (+0.94%)
     

  • Dow

    38,159.72
    +73.92 (+0.19%)
     

  • Nasdaq

    15,912.04
    +300.28 (+1.92%)
     

  • Gold

    2,346.50
    +4.00 (+0.17%)
     

  • Crude Oil

    83.64
    +0.07 (+0.08%)
     

  • 10-Yr Bond

    4.6630
    -0.0430 (-0.91%)
     

  • FTSE Bursa Malaysia

    1,575.16
    +5.91 (+0.38%)
     

  • Jakarta Composite Index

    7,036.08
    -119.22 (-1.67%)
     

  • PSE Index

    6,628.75
    +53.87 (+0.82%)
     

GM to unveil plan to compensate owners on fuel economy claims

Reuters

WASHINGTON (Reuters) - General Motors Co is expected to announce plans to compensate about 130,000 individual U.S. owners of SUVs that had inflated fuel economy labels, sources briefed on the plans said on Wednesday.

The Detroit automaker said on Friday it was temporarily halting sales of about 60,000 new 2016 U.S. SUVs because the vehicles' window labels overstated their fuel efficiency. GM plans to compensate owners for the difference in miles per gallon and announce the programme in the coming week, the sources said.

(Reporting by David Shepardson; Editing by Sandra Maler)