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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.
Today, two events will shake the US dollar. First, at 16:45 GMT+2, Markit, a statistical company, will release the US Flash Services PMI. Moreover, at 21:00 GMT+2, the Federal Reserve will release its meeting minutes.
This Wednesday will be heaven for day traders. A considerable number of events will make the market volatile. Don't miss it!
Goldman Sachs turns bullish on China, news from ECB, and Twitter's drama - everything you need to know in one place!
Good morning, dear traders! Hope you’re doing great! Let’s talk about the news that is worth following today! Key market events: 15:30 MT, CAD GDP m/m 17:00 MT, GBP BOE Gov Bailey Speaks Oil is tensed again Oil rose as China refined its approach…
Happy Friday, traders! Are you ready to trade at the end of the week? Here’s what you need to know before you start:
Hello, dear traders! We hope you have a great day! Let’s see what news is worth following today! Market closing US stock exchanges will be closed due to the Thanksgiving holiday…
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