‘Foolish executives’: Trump blasts automakers wary of Obama fuel economy standards rollback

President Trump said Tuesday his administration’s weakening of Obama-era fuel efficiency standards would slash the cost of new vehicles and help auto industry workers, and he bashed industry officials skeptical of the move as “foolish executives.”

“My Administration is helping U.S. auto workers by replacing the failed Obama Emissions Rule,” Trump said in a series of tweets. “Impossible to satisfy its Green New Deal Standard; Lots of unnecessary and expensive penalties to car buyers!”

Trump also boasted that his agencies’ new rule would lower average car prices “by more than $3500, while at the same time making cars substantially safer,” and he slammed auto companies, some of whom have
Read more…

Please follow and like us: