Investing
Automakers blast US plan to hike fuel efficiency rules
© Reuters. Newly assembled vehicles are parked at the Toyota Motor Manufacturing plant in Baja California, Tijuana, Mexico May 31, 2019. REUTERS/Jorge Duenes/File photo
WASHINGTON (Reuters) – A group representing General Motors (NYSE:), Toyota Motor (NYSE:), Volkswagen (ETR:) and nearly all other major automakers, sharply criticized the Biden administration proposal to drastically hike fuel efficiency requirements.
The Alliance for Automotive Innovation said the National Highway Traffic Safety Administration Corporate Average Fuel Economy proposal is unreasonable and want significant revisions, arguing the plan will boost average vehicle prices by $3,000 by 2032 because of penalties automakers will face for not being in compliance.
Read the full article here
Elon Musk Is Set to Announce Tesla Robotaxis—What to Expect
Oldest Children Like Bezos, Musk Have 2 Leadership Qualities
4 Ways to Prepare for Venture Capital Funding
4 Marketing Triggers to Set Up Now to Supercharge Your New Year
Social Security cost-of-living adjustment will be 2.5% in 2025, less than prior year
Mark Zuckerberg Is Now Second Richest Person in the World
Nvidia CEO Jensen Huang: Demand For Blackwell AI Is Insane
How to Be Unapologetically You and Why It Matters
With AI Magicx, It’s Like Getting an Entire Creative Team in One Money-Saving AI Tool
Meta Previews Movie Gen, AI Tools That Turn Dreams to Videos
Debt ceiling debate and its effect on the U.S. dollar
Debt ceiling default: Still no deal between parties
Stovall: If the U.S. defaults on its debt, all S&P 500 sectors will likely fall
What China's weaker-than-expected economy could mean for U.S. markets
A ‘Big Short’ investor sees financial disaster brewing in housing markets — again
-
Side Hustles5 days agoMark Zuckerberg Is Now Second Richest Person in the World
-
Investing5 days agoNvidia CEO Jensen Huang: Demand For Blackwell AI Is Insane
-
Side Hustles6 days agoHow to Be Unapologetically You and Why It Matters
-
Side Hustles6 days agoWith AI Magicx, It’s Like Getting an Entire Creative Team in One Money-Saving AI Tool
-
Side Hustles5 days agoMeta Previews Movie Gen, AI Tools That Turn Dreams to Videos
-
Investing3 days agoHurricane Helene Hits Spruce Pine Mine, Quartz Used for Tech
-
Passive Income6 days agoHow AI-Driven Personalization Is Transforming the Retail Industry
-
Investing5 days agoBCA says investors should fade the real estate rally By Investing.com