On Tuesday, a trade group for car makers told it really hopes to reach a long-awaited deal with California as well as the Trump administration over vehicle fuel efficiency standards.
Mitch Bainwol, chief executive of the Alliance of Automobile Manufacturers, a trade group, which represents Toyota Corporation, General Motors Corporation, Volkswagen AG as well as other car makers, told at a forum ahead of the New York car show that car makers weren’t seeking a rollback of currently existing standards.
In March, Donald Trump ordered a review of American car fuel-efficiency standards from 2022-2025 imposed by the previous Obama administration, telling they were extremely tough on the car industry.
However, California opposed weakening the rules, and even threatened to adhere to tougher standards whatever happens. New York joined California’s initiative.
The White House actually intends to hold talks with car makers and also California. Obviously, a deal would finally remove uncertainty for car makers, who require years of lead time to engineer models and demand uniform rules across all 50 states.
In June, American retail sales tacked on solidly because households spurred purchases of cars as well as an array of other products, thus strengthening hopes for robust economic surge in the second quarter…
In May, the euro zone's surplus for products traded with other nations of the world edged down due to the fact that exports slumped and imports rallied, just a month before American duties on EU aluminum and steel came into effect, as official data…
In June, American import prices came up with their most impressive tumble for more than two years…
In February, Japan's exports probably ascended at the fastest pace for two years due to a softer yen as well as improving global demand, as a Reuters survey showed on Friday…
On Monday, stocks in Asia declined with markets in Japan unavailable for a holiday and traders watching oilfield-related stocks after a bankruptcy filing by Singapore's Ezra Holdings…
On Friday, the evergreen buck added against the Japanese yen and euro, drifting away from recent minimums, though revenues were capped as traders focused on a showdown between Donald Trump and members of his own party as for a fresh healthcare bill…
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