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Stock impact report

Trump rolls back Biden-era fuel economy standards, paving way for more gas-powered cars [Yahoo! Finance Canada]

Ford Motor Company (F) 
Last ford motor company earnings: 4/28 04:09 pm Check Earnings Report
US:NYSE Investor Relations: shareholder.ford.com
Trump said the administration was officially terminating Biden's “ridiculous” CAFE (corporate average fuel economy) rules, claiming car prices would come down in response to today's action. Automakers are now required to meet an average of 34.5 mpg across their model fleet by 2031, a dramatic drop from the average of 50.4 mpg across 2031 that the Biden administration had proposed. Trump said the action would allow automakers to produce cheaper cars, saving consumers “[at] least $1,000” off the price of a car. Ford ( F ) CEO Jim Farley, Stellantis ( STLA ) CEO Antonio Filosa, and other auto industry executives were in attendance. “Today is a victory for common sense and affordability,” Farley said at the event. “This is the right move … We will invest more in affordable vehicles.” Ford Motor Company (F) Earlier this year, the Transportation Department and Secretary Sean Duffy paved the way for looser US fuel economy standards by declaring the Biden administration exceeded it Show less Read more
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