Executives from Ford, General Motors, and Stellantis are expected to attend the White House event on Wednesday afternoon.
President Donald Trump is reportedly expected to announce new fuel economy standards on Wednesday afternoon.
According to a CNBC report, the Trump administration plans to propose a significant rollback of rules implemented by the Biden administration last year. Executives from Ford (F), General Motors (GM), and Stellantis (STLA) are expected to attend the White House event.
Biden-Era 50 MPG Target Under Review
Under the standards introduced in 2024, passenger cars and light trucks were required to achieve roughly 50 miles per gallon by 2031. The rules aimed to reduce greenhouse gas emissions and push automakers toward electric and hybrid vehicles.
Get updates to this developing story directly on Stocktwits.<
Read also: Bitcoin Climbs Above $93,000, Wiping Out Over $400 Million In Short Bets
For updates and corrections, email newsroom[at]stocktwits[dot]com.<
-
EU lays out plan to fund Ukraine using frozen Russian assets but Belgium say it’s too risky
-
Delhi’s Air Quality remains ‘very poor’, 32 atations affected
-
BJP, activists clash at Bhopal gas tragedy commemoration
-
Manipur water-law debate turns political slugfest over President’s rule
-
Sara Cox chats about her new BBC1 show which fans of The Repair Shop will love
