USA auto manufacturers urge President Trump for relaxed fuel economy regulations and response to Chinese subsidies.
November 22, 2024 10:21 JST (excerpt)
Facing unprecedented geostrategic and market pressures - AAI top
Possibility of the next administration targeting California's right to enact stricter fuel efficiency regulations in the face of unprecedented geostrategic and market pressures
Industry groups representing major auto manufacturers such as General Motors (GM), Ford Motor Co, Toyota Motor, Honda, etc., including the American Automotive Innovators (AAI), have requested the incoming US President Trump to relax requirements on improving fuel efficiency of automobiles and protect the industry from "unfair" practices by China.
Facing unprecedented geostrategic and market pressures - AAI top
Possibility of the next administration targeting California's right to enact stricter fuel efficiency regulations in the face of unprecedented geostrategic and market pressures
Industry groups representing major auto manufacturers such as General Motors (GM), Ford Motor Co, Toyota Motor, Honda, etc., including the American Automotive Innovators (AAI), have requested the incoming US President Trump to relax requirements on improving fuel efficiency of automobiles and protect the industry from "unfair" practices by China.
In a letter dated December 12 addressed to Mr. Trump and disclosed on the 21st, AAI President John Bozzella mentioned that automakers are facing "headwinds" such as "unfair competition" from electric vehicles (EVs) and technologies receiving substantial subsidies from China.
At the federal and state levels, especially in California and similar states, emissions regulations are leading to increased costs for consumers and content that is difficult for auto manufacturers to comply with, emphasized in the letter.
Despite investing in connected cars, self-driving cars, and EVs, automotive companies commented in the letter that they are facing unprecedented geostrategic and market pressures.
At the federal and state levels, especially in California and similar states, emissions regulations are leading to increased costs for consumers and content that is difficult for auto manufacturers to comply with, emphasized in the letter.
Despite investing in connected cars, self-driving cars, and EVs, automotive companies commented in the letter that they are facing unprecedented geostrategic and market pressures.
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