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Stock impact report

Trump finalizes rollback of Obama-era vehicle fuel efficiency standards [Reuters]

General Motors Company (GM) 
Last general motors company earnings: 2/5 08:05 am Check Earnings Report
US:NYSE Investor Relations: gm.com/investors/index.html
Company Research Source: Reuters
Trump finalizes rollback of Obama-era vehicle fuel efficiency standards WASHINGTON (Reuters) - President Donald Trump’s administration on Tuesday completed a rollback of U.S. vehicle emissions standards adopted under his predecessor Barack Obama and will require 1.5% annual increases in efficiency through 2026 - far weaker than the 5% increases in the discarded rules. The announcement - condemned by Democrats and environmentalists while being lauded by Republicans and business interests - sets up a legal battle, with California and 22 other states planning to challenge the rewrite of what had been one of most ambitious U.S. policies aimed at combating climate change. The Trump administration called the move its largest single deregulatory action and said it would will save automakers upwards of $100 billion in compliance costs. The policy reversal marks the latest step by Trump, a Republican, to erase environmental policies pursued by Obama, a Democrat. James Owens, acting head of the Show less Read more
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