Of Course They Did: 18 Auto CEOs Urge Trump To Revisit Fuel Efficiency Standards

[hatrack]

The chief executives of 18 major automakers and their U.S. units urged President Donald Trump to revisit a decision by the Obama administration to lock in vehicle fuel efficiency rules through 2025.

In a letter sent late Friday and viewed by Reuters, the chief executives of General Motors Co (GM.N), Ford Motor Co, Fiat Chrysler Automobiles NV, along with the top North American executives at Toyota Motor Corp (7203.T), Volkswagen AG (VOWG_p.DE), Honda Motor Co (7267.T), Hyundai Motor Co (005380.KS), Nissan Motor Co (7201.T) and others urged Trump to reverse the decision, warning thousands of jobs could be at risk.

On Jan. 13, the head of the U.S. Environmental Protection Agency finalized a determination that the landmark fuel efficiency rules instituted by then President Barack Obama should be locked in through 2025, a bid to maintain a key part of his administration's climate legacy.

As part of a 2012 regulation, EPA had to decide by April 2018 whether to modify the 2022-2025 model year vehicle emission rules requiring average fleet-wide efficiency of more than 50 miles per gallon through a "midterm review." The agency in November moved up the timetable for proposing automakers could meet the 2025 standards. The auto CEO letter asked Trump to reopen the midterm review "without prejudging the outcome" and praised Trump's "personal focus on steps to strengthen the economy in the United States and your commitment to jobs in our sector."

EDIT

http://www.reuters.com/article/us-usa-vehicles-idUSKBN15R0U9

[DK504]

1. As Donnie two Tones lets these people of the 1%

stroll into the Oval Office, these greedy pigs don't seem to understand that we will not settle for less any longer. We have had our taste of 33 mpg cars.

Somehow I doubt the Hyundai's, the Honda's, the Kia's and the Toyota's will fall into to this idiotic trap of allowing car sales to slip through their hands.

These guys really don't think any thing through.

[Docreed2003]

2. It's interesting to me...

The very first, and ALWAYS the first argument the powers that be use when regulations are discussed is: "OMG this is going to cost jobs!!!" How will requiring more fuel efficient vehicles cost jobs? Wouldn't this endeavor actually increase jobs in a push to develop new technology and mechanical engineering?? The job argument is a facade that plays to the heartstrings of the ignorant. What these automotive companies are really afraid of is changing their engine lineups, which are usually a ten year investment and they fear that a more fuel efficient vehicle could cut into their bottom line long term. That doesn't even consider the obvious pressure from the oil industry.

[randr]

3. Which auto manufacturing companies are not on this list?