Car makers hope to reach American deal on 2025 vehicle emissions

Car makers hope to reach American deal on 2025 vehicle emissions

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.

Similar

Popular

Greenback descends versus yen

On Thursday, the evergreen buck was just a touch lower versus the Japanese yen after reaching an eight-week peak overnight…

Gold is at 5-month minimums on stronger greenback

On Friday, gold dived to five-month minimums because optimism as for the US tax reform overhaul kept underpinning demand for the US dollar ahead of the highly-anticipated American nonfarm payrolls report to be released a bit later in the day…

Gold descends on profit-taking in Asia

On Monday, gold sank on profit-taking in Asia because market participants are closely watching the evergreen buck for potential further dives closely connected with a more gentle than anticipated rate lift path by the key US bank in 2018 after gloomy…

promotions you can be interested in

Deposit with your local payment systems

Callback

A manager will call you shortly.

Change number

Your request is accepted.

A manager will call you shortly.

Internal error. Please try again later

You are using an older version of your browser.

Update it to the latest version or try another one for a safer, more comfortable and productive trading experience.

Safari Chrome Firefox Opera