Trump Orders Approval For Mini 'Kei' Cars To Be Built In America [zero hedge]
Toyota Motor Corporation (TM)
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Source: zero hedge
Trump Orders Approval For Mini 'Kei' Cars To Be Built In America President Donald Trump, intrigued by the tiny “kei” cars he saw in Japan, announced plans to allow their production and sale in the US, according to Bloomberg . These ultra-compact vehicles are currently barred from US manufacturing because they don’t meet federal standards. “They’re very small, they’re really cute, and I said ‘How would that do in this country?’” Trump said while revealing plans to loosen Biden-era fuel efficiency rules. He added that “we’re gonna approve those cars,” and said he has instructed Transportation Secretary Sean Duffy to authorize production. Kei cars are hugely popular in Japan, making up about a third of new vehicle sales. In the US, they’ve developed a niche fanbase through a law allowing imports of models older than 25 years, but many states restrict or ban them over safety concerns about their size and speed among large American trucks and SUVs. Bloomberg Intelligence analyst Tatsuo Yos
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