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Trump plan would roll back US vehicle mileage rules
WASHINGTON (AP) — President Donald Trump is expected to announce a proposal Wednesday to weaken vehicle mileage rules for the auto industry, loosening regulatory pressure on automakers to control pollution from gasoline-powered cars and trucks, according to several people familiar with the White House plans. The proposal would significantly reduce fuel economy requirements, which set [...]
GM to take $1.6B hit after US cuts EV tax incentives
General Motors will record a negative impact of $1.6 billion in its next quarter after tax incentives for electric vehicles were slashed by the U.S. and rules governing emissions are relaxed. Shares fell less than 2% before the opening bell Tuesday. The EV tax credit ended last month. The clean vehicle tax credit was worth $7,500 for new EVs and […]
