Automakers back Trump plan to roll back fuel economy rules, but seek changes [Yahoo! Finance]
General Motors Company (GM)
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Source: Yahoo! Finance
to reform fuel ?economy standards, but said they back the plan to drastically ?slash the efficiency requirements. The Alliance for Automotive Innovation, which represents General Motors, Toyota Motor, Volkswagen, Hyundai, ?Ford and other automakers, backed the reduction in stringency proposed by the National Highway Traffic Safety Administration, but asked it to not eliminate credit trading to meet regulatory requirements and reconsider plans to reclassify more vehicles as cars. "Given ?the slowing growth of ?EV sales in the U.S. and reduced government policy support, the previously issued CAFE standards are simply unachievable," the ?group said. NHTSA proposes to eliminate credit trading among automakers in 2028, and will end some credits for fuel-saving features. It would also reclassify many vehicles as cars instead ?of trucks, which impacts automakers since cars face more stringent standards ?than trucks. PROPOSAL TO REVISE DOWN FUEL ECONOMY STANDARDS The automakers call
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News
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- GM CFO: Loss of EV tax credit, lower production 'blessing in disguise' [Yahoo! Finance]Yahoo! Finance
- General Motors Company (GM) Presents at Federal Reserve Bank of Chicago's Automotive Insights Symposium Transcript [Seeking Alpha]Seeking Alpha
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