From The Los Angeles Time –
Think back to the early 1970s, when OPEC imposed its oil embargo, causing Americans to care for the first time about gas mileage. The U.S. car companies were caught flatfooted, but Honda and Toyota were perfectly positioned. The Honda Civic, for instance, got 39 miles a gallon, according to “Engines of Change,” Paul Ingrassia’s history of the auto industry. Like Sears, the U.S. car companies had never taken this new competition seriously, and they were about to pay the price.
Via Greta Van Sustern’s interview with Donald Trump –
We need people in this country. we have companies moving in, in fact Prime Minister Abe of Japan just told me they’re moving two car companies- they’re going to opening up two massive plants you know, you don’t hear that often but a lot of that is happening. You hear about General Motors and I don’t know what happened with General Motors but the trend is exactly the opposite. And I will say this – our economy has never done better. We’re doing unbelievable numbers, you see that. And a lot of good things are happening.
As reported by The Hill –
The Alliance of Automobile Manufacturers, which represents General Motors, Ford, Daimler AG and nine other car companies, made the demand in a letter earlier this month to the White House’s Office of Management and Budget, Bloomberg reported Monday.
“Automakers remain committed to increasing fuel efficiency requirements, which yield everyday fuel savings for consumers while also reducing emissions — because climate change is real and we have a continuing role in reducing greenhouse gases and improving fuel efficiency,” David Schwietert, executive vice president of federal government relations at the trade group, wrote.