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0 0 0.000872981230903517 0.000872981230903517 -0.000872981230903517 -0.000314273243125161 0.000427760803142821 0.000872981230903517
Stock impact report

Trump to announce ‘reset' of fuel-economy standards for vehicles at Oval Office event, White House official says [CNN]

Stellantis N.V. Common Shares (STLA) 
Company Research Source: CNN
Top auto executives, including the CEOs of Ford and Stellantis, along with a General Motors plant manager, are expected to attend the event, the official added. The Corporate Average Fuel Economy standards, first established in 1975, set the average fuel economy targets for new vehicles. The Biden administration had proposed modest increases to the requirements for the vehicles most Americans drive as part of a push to promote electric vehicles and battle climate change. Trump is expected to roll those back. In a statement ahead of the gathering, Ford CEO Jim Farley praised the administration's move and emphasized the company's support for revising federal requirements. “As America's largest auto producer, we appreciate President Trump's leadership in aligning fuel economy standards with market realities. We can make real progress on carbon emissions and energy efficiency while still giving customers choice and affordability. This is a win for customers and common sense,” Farle Show less Read more
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