— entered into a voluntary compromise agreement with California to limit emissions across the country, recognizing that it is time to accelerate climate action beyond the goals of our current federal government. But the Feds launched a legal action to investigate these companies for antitrust violations, throwing a dirty trick in the way of cleaning up the industry.
And then, in a stunning betrayal of investors and in ignorance of the clear need to transition to a low carbon economy, General Motors, Toyota and Fiat Chrysler decided to side with the president in his attempt to revoke California's authority and help the Trump administration drag the auto industry backward while the rest of the world speeds ahead on climate.
As investment advisor to, and custodian of, New York City's five pension funds, charged with protecting $200 billion in pension fund assets, my job is understanding and anticipating risk. Let me be clear: Climate change is a much more impactful risk to U.S. companies than Trump's empty threats. Trump's rollback of national and state clean car standards is risking the very future of the American auto industry, not to mention the future of the planet, and automakers that support weak standards are in turn exposing themselves to extraordinary risk.
The existing vehicle emissions standards the Trump administration is dismantling jump-started investment in clean car technologies, resurrected a U.S. auto industry that was on the brink of collapse and boosted job growth in some of the regions hit hardest by the 2008 recession. They challenged the industry and led to more sustainable growth.
That is more CNBC garbage talk. Always looking for cheap nonsensical headlines.
GM-owned Chevrolet makes the Bolt EV. There’s a distinct lack of support for the Bolt at my local dealership: salespeople and mechanics alike who know nothing about the car & can’t answer basic questions about driving and charging it. Weird lack of support for a great product.
Garbage ...
i watch parents driving their kids two blocks to school instead of walking
Generally speaking a question of who owns what and where could be analyzed differently. What's public, private or personal, in what share or percentage, local national international or global. As Trump saying the left believe they are a guardian of collective shared property!!
stupid
More BS
NYC official is irrelevant. NYC will lose business in many sectors.
Today we go car shopping. We were planning on another Toyota Rav. No longer. We must protect our planet. BoycottToyota BuyFord
Brilliant.💙
It is sad that this president has no care for anyone but himself. People say you should still treat a POTUS with respect. Haven't we been silent to long already? Silence is the same as agreeing. Great people are not on both sides.
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GM, Toyota, Fiat Chrysler back Trump on California emissions challengeMajor automakers are siding with the Trump admin. in its bid to bar California from setting its own fuel efficiency rules or zero-emission requirements for vehicles, the companies said in a filing with a US appeals court late Monday. Love driving my 2013 FORD Fusion Plug-In Hybrid! FordTough I mean why would we want zero emissions and cleaner air? Unreal how greed always comes before common sense Ya don’t say...?
Source: NBCNews - 🏆 10. / 86 Read more »
GM, Chrysler and Toyota side with Trump in emissions fight with CaliforniaGeneral Motors, Fiat Chrysler, Toyota and many others in the auto industry are siding with the Trump administration in a lawsuit over whether California has the right to set its own greenhouse gas emissions and fuel economy standards. . California’s Policy, Is The Best In The World - Stick With It... It Gives Us Cutting-Edge, Fuel-Efficiency Technology And Helps Protect The Planet, From Auto-Pollution. BE SMART - Do What Is BEST... Stick With California. . . This is so irresponsible. Well, this simplifies car buying. My next new/new-to-me car will be one of these: “Ford, Honda, Volkswagen and BMW in July sided with California” It’s too bad bcs I like the car i drive now and it’s not one of these. But I’ll vote with my purchase for cleaner air every time.
Source: latimes - 🏆 11. / 82 Read more »
Column: By siding with Trump on emissions, GM, Chrysler and Toyota are asking for industry chaosGM, Chrysler and Toyota are siding with the Trump administration in attacking California's auto emissions rules. Which is why I will NEVER...I mean EVER purchase another gas powered vehicle. Ever. 'voluntarily agreed to comply with California standards' So they can sell cars in Calfornia that aren't to the standards? News to me. I find it particularly egregious that this Administration's plan to reduce emissions is by allowing for vehicles to have a much lower MPG than was previously agreed upon by Obama's Admin and all Auto Industry Execs. How does that work? 'People will drive less due to the cost.'
Source: latimes - 🏆 11. / 82 Read more »
'Shredded': Army officer on Trump-Ukraine bribery call spills on TrumpTrump faces damning impeachment testimony on the Ukraine plot from decorated army officer. Lt. Colonel Alexander Vindman, the top Ukraine expert on the National Security Council, testified he was on the Trump-Ukraine call and immediately raised concerns about it. Vindman is the first sitting Trump official to testify against him. It comes as Speaker Pelosi and the democrats step closer to going public with the probe releasing a bill on impeachment rules. AriMelber When did serving your country and doing the right thing become so controversial💁 AriMelber AriMelber A patriot............
Source: MSNBC - 🏆 469. / 51 Read more »
Chile cancels APEC summit where Trump was expected to meet Xi: reportsChile has canceled the Asia-Pacific Economic Cooperation meeting scheduled for next month, Bloomberg and AFP reported, citing Chilean President Sebastian... This News on exact day FED will cut rates. WOW! Unbeliveable coincidence 😜 I guess they could always reschedule it at the Trump Doral? I heard it's free around then....🤪
Source: MarketWatch - 🏆 3. / 97 Read more »
NBC veteran Tom Brokaw discusses comparisons between Pres. Trump and Pres. NixonNBC journalist and author of 'The Fall of Richard Nixon: A Reporter Remembers Watergate', Tom Brokaw joins the Morning Joe panel to compare and contrast President Trump and President Nixon's impeachment proceedings: 'There are not many parallels, quite honestly ... this president is fully involved, using social media for his own purposes. We didn't have any of that at that time.' tombrokaw That is pretty LAME, TB!! tombrokaw Like the democrats use the media? tombrokaw yea...one was proven guilty!
Source: MSNBC - 🏆 469. / 51 Read more »