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Ford, other automakers will stay neutral on challenges to Trump vehicle emissions rule: document

Stock MarketsJun 26, 2020 12:25PM ET
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© Reuters. FILE PHOTO: Ford logo is seen at the North American International Auto Show in Detroit, Michigan

WASHINGTON (Reuters) - Four major automakers will not take a position on legal challenges to the Trump administration's decision in March to dramatically weaken Obama-era fuel economy standards but want to weigh in on any court fix, according to a document seen by Reuters.

The Trump administration in March finalized rollback of U.S. vehicle emissions standards to require 1.5% annual increases in efficiency through 2026. That is far weaker than the 5% annual increases in the discarded rules adopted under President Barack Obama.

Ford Motor Co (N:F), Volkswagen AG (DE:VOWG_p), Honda Motor Co (T:7267) and BMW AG (DE:BMWG) struck a voluntary agreement with California in July 2019 on vehicle emissions rules. On Friday, the four automakers plan to ask a U.S. Appeals Court in Washington for permission to be heard in the court challenge "to ensure that any remedy imposed by this court is both appropriate and achievable," according to a draft of the filing. Other major automakers like General Motors Co (N:GM) and Toyota Motor Corp (T:7203) have sided with the Trump administration on the rollback.

Ford, other automakers will stay neutral on challenges to Trump vehicle emissions rule: document
 

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Comments (1)
Alan Rice
Alan Rice Jun 26, 2020 2:29PM ET
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MORE pollution, NOT less. --craaaaazy !!
 
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