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Nissan joins GM in exiting auto group backing Trump

Stock MarketsDec 04, 2020 10:32PM ET
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© Reuters. FILE PHOTO: FILE PHOTO: The brand logo of Nissan Motor Corp. is displayed during a press preview of the company's new Ariya all-battery SUV in Yokohama

By David Shepardson

WASHINGTON (Reuters) - Japanese automaker Nissan (OTC:NSANY) Motor Co on Friday joined General Motors Co (NYSE:GM) in exiting a group of automakers that had backed U.S. President Donald Trump in his bid to prevent California from imposing its own vehicle emissions rules.

GM last week reversed course in an ongoing court fight and abandoned the outgoing Republican president, winning praise from Democratic President-elect Joe Biden, who takes office on Jan. 20.

"We are confident that productive conversations among the auto industry, the Biden administration and California can deliver a common-sense set of national standards that increases efficiency and meets the needs of all American drivers," Nissan said in a statement.

GM had joined Nissan, Toyota Motor (NYSE:TM) Corp, Fiat Chrysler Automobiles NV and other automakers in October 2019 in support of Trump effort's to bar California from setting its own fuel-efficiency rules, or zero-emission requirements, for vehicles - separate from federal requirements.

Others still backing Trump include Mazda Motor (OTC:MZDAY) Corp, Hyundai Motor, Kia Motors Corp Mitsubishi Motors (OTC:MMTOF) Corp, Subaru (OTC:FUJHY) Corp and the National Automobile Dealers Association.

The industry still remained split on how to move forward after it held a meeting Tuesday.

Biden has made boosting electric vehicles a top priority and pledged to spend billions of dollars to add 550,000 charging stations for such vehicles. He also supports new tax credits for purchases of electric vehicles and retrofitting factories for their production.

Ford Motor (NYSE:F) Co, Honda Motor Co, Volkswagen AG (OTC:VWAGY) and BMW AG in July 2019 struck a voluntary agreement with California on reducing vehicle emissions that is less stringent than rules previously adopted under President Barack Obama but higher than the Trump administration's rollback.

Ford has urged other automakers to back the California framework as a way to move forward.

Nissan joins GM in exiting auto group backing Trump
 

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Comments (3)
Flaviano Morone
Flaviano Morone Dec 07, 2020 11:18PM ET
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Who cares anymore, they have no clue whatsover of what is going on
Whaling Trawler
Whaling Trawler Dec 04, 2020 5:54PM ET
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What if Donald Trump is found to have legitimately won the election and continues to be President?
Alan Rice
Alan Rice Dec 04, 2020 5:54PM ET
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What if the moon really IS made of green cheese ??
Albert Vives
Albert Vives Dec 04, 2020 5:54PM ET
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are there still people who think Trump will continue to be President?
la popeye
la popeye Dec 04, 2020 5:54PM ET
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you what? i won the election and there was a fraud. i tell you, there was a fraud. trust me. no need to prove as i won the election.!this is more or less his speeches. ..not a speech from a what ?...president ?only where he lost there was a fraud.? come on , babe !?
la popeye
la popeye Dec 04, 2020 5:54PM ET
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Albert Vives ...not according to vote. may be later in a psychiatric hospital, someone will continue to wear the napoleon's hat !!!
Jurgen Daub
Jurgen Daub Dec 04, 2020 4:22PM ET
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millions paid to spineless managers paid that turn the jacket how the wind blows. they should never have supported a scamer to start out with.no car brand left to buy? I believe Ford had a clear stand for humanity in the past.
 
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