Published

Trump to Announce Fuel Economy Review on Wednesday

President Donald Trump plans to announce two days from now that the U.S. Environmental Protection Agency will review fuel economy targets that would require new-car fleets to average more than 50 mpg by 2025, Reuters reports.
#economics #regulations

Share

President Donald Trump plans to announce two days from now that the U.S. Environmental Protection Agency will review fuel economy targets that would require new-car fleets to average more than 50 mpg by 2025, Reuters reports.

Sources tell the news service that Trump will reveal the widely expected decision at an event in the Detroit suburb of Ypsilanti, Mich., Reuters says top executives from General Motors, Ford, Fiat Chrysler Automobiles and Japanese and German carmakers will attend. The White House confirms Trump’s visit but not its purpose.

The president has been critical of EPA rulemaking and the agency’s conclusion in January just before he took office that the 2025 goal remains both feasible and reasonable. Carmakers agreed to the target in 2011 with the proviso that the goal be reviewed no later than April 2018.

RELATED CONTENT

  • GM, Ford Evaluate Possible Economic Slump

    General Motors and Ford say they have bolstered their cash reserves in case the trade war between the U.S. and China triggers a global recession.

  • On The German Auto Industry

    A look at several things that are going on in the German auto industry—from new vehicles to stamping to building electric vehicles.

  • China and U.S. OEMs

    When Ford announced its 3rd quarter earning on October 24, the official announcement said, in part, “Company revenue was up 3 percent year over year, with net income and company adjusted EBIT both down year over year, primarily driven by continued challenges in China.” The previous day, perhaps as a preemptive move to answer the question “If things are going poorly in China, what are you doing about it?, Ford announced that it was establishing Ford China as a stand-alone business unit.

Gardner Business Media - Strategic Business Solutions