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We’ve been waiting for this happening and here it comes, Donald Trump will announce the new fuel efficiency rules when he will meet with automaker chiefs this week. He will be visiting an autonomous vehicle testing facility based in Detroit this Wednesday and also will meet with some major automakers CEOs who asked for revising the rules of Obama’s administration. The administration has decided to review the feasibility of the 2022 through 2025 vehicle emissions rules, after the Obama administration moved in its final days to keep them. The trip is focused on j...
Since Donald Trump has become the new U.S. president he has been vowing to turn American trade policy toward a more protectionist stance. That includes imposing a 35 percent tariff on imported cars, could have far-reaching consequences for European automakers. European auto executives who gathered here last week for the annual Geneva auto show have found themselves having to deal unexpectedly with trade issues in markets, including Britain and the United States, that just a year ago seemed steady. Many European automakers produce and even export cars from the United States and Mexic...
U.S. light vehicles from the 2016 model year will be the first to fall short of federal fuel economy targets in more than a decade, according to a new projection from regulators that could buttress a push by automakers to ease efficiency standards. The National Highway Traffic Safety Administration forecasts that 2016 models will average 32.1 miles per gallon, below the target of 32.8. The agency forecasts another shortfall in model year 2017 of 31.8 miles per gallon compared to a projected target of 33. The U.S. fleet has exceeded industrywide fuel economy targets every year since ...
General Motors promised us other things but that’s how it all turned to be, even if it said it will invest $1 billion in U.S. factories now it announced to temporarily cut off 1,100 workers in May as its Lansing Delta Township assembly plant in Michigan shifts production to Tennessee. Last year it added 800 jobs at its spring hill, Tennessee plant to build the new version of GMC Acadia SUV. The Lansing plant will continue building the Buick Enclave and Chevrolet Traverse after it retools for a month. GM also has announced other U.S. factory cuts. U.S. President Donald Trump ha...
Cobalt’s automakers are using lithium ion batteries since they are preparing for an increase in electric production. These batteries will be used in both electric and hybrid vehicles. Shanghai Chaos Investments and Switzerland-based Pala Investments as two of the companies that invested in cobalt last year, although the amount they’ve stockpiled is unknown.On Dec. 1, cobalt was just around $30,000 per metric tonne. One metric tonne equals 2,204 pounds. As of Monday, one metric tonne of cobalt was $49,000. That’s an increase of 63 percent in three months. However, EVs have not...
