Published: Sat, May 12, 2018
Worldwide | By Isabel Fisher

Concerned auto executives to meet with Trump over fuel economy rules

Concerned auto executives to meet with Trump over fuel economy rules

But they do not want the administration to freeze the standards, with no future increases. The Alliance for Automotive Manufacturers and Global Automakers said they appreciated Trump's "openness to a discussion with California on an expedited basis".

President TrumpDonald John TrumpPruitt dined with Cardinal accused of sexual abuse: report Kelly: No consideration on leaving White House despite "times of great frustration" Kelly: Trump "embarrassed" by Russian Federation probe MORE is meeting with executives from automakers Friday to discuss his administration's push to relax fuel efficiency regulations.

Ceres is a sustainability nonprofit organization working with the most influential investors and companies to build leadership and drive solutions throughout the economy.

Trump said during the meeting in the Roosevelt Room of the White House that he wanted to discuss the "manufacturing of millions of more cars within the United States, for MI, for OH, for Pennsylvania" and states like SC and North Carolina.

Automakers want the White House and California to reach an agreement on maintaining national standards, fearing a prolonged legal battle could leave the companies facing two different sets of rules - and the state level and nationally - and extended uncertainty.

He singled out Fiat Chrysler chief Sergio Marchionne for praise due the company's plans to move production of its popular Dodge Ram truck to back to the USA from Mexico.

Much of the hour-long meeting focused on NAFTA and other trade issues, with Trump blasting the pact with Canada and Mexico. "I'm not representing Mexico and I'm not representing Canada", he said.

Trump will be joined by Transportation Secretary Elaine Chao, EPA Administrator Scott Pruitt, U.S. Trade Representative Robert Lighthizer and National Economic Council Director Larry Kudlow. He adds, "We'll see if we can make it reasonable".

Major automakers reiterated this week they do not support freezing fuel efficiency requirements but said they want new flexibility and rule changes to address lower gasoline prices and the shift in USA consumer preferences to bigger, less fuel-efficient vehicles.

Asked if the deal might adversely affect the industry, Trump said, "NAFTA has been a awful deal, we're renegotiating it now, we'll see what happens". "The standards automatically adjust to the sales mix of vehicles", he said.

The administration's plan to abandon the goal of getting vehicles to average California's standard of 55 miles per gallon by 2025 is concerning for automakers.

Auto executives attending the meeting included Marchionne, General Motors CEO Mary Barra, Ford CEO Jim Hackett and Bob Carter, executive vice president of North America for Toyota.

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