Economy, Auto
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Trump Meets Auto Executives

Trump Meets Auto Executives Trump Meets Auto Executives

CEOs or senior executives from ten American and foreign automakers met with President Donald Trump on Friday for about an hour at the White House as the Transportation Department considers loosening federal fuel efficiency and pollution standards implemented under former Democratic president Barack Obama. Trump pressed automakers to build more vehicles in the United States and launched a fresh attack on the North American Free Trade Agreement that has benefited them, while the companies urged him to work with California to keep nationwide US vehicle emissions standards, Reuters reported.  Afterward, two major auto industry trade groups said in a joint statement that Trump expressed “openness to a discussion with California on an expedited basis.” California and 16 other states covering about 40% of the US population sued last week to block the Trump administration’s efforts to weaken the fuel efficiency requirements. The chief executives of General Motors Co, Ford Motor Co and Fiat Chrysler, along with senior US executives from Toyota Motor Corp, Volkswagen AG, Hyundai Motor Co, Nissan Motor Co, Honda Motor Co, BMW AG and Daimler AG met with Trump, as did the heads of the two trade groups.

 

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