Ford Escape SUV displayed during the media day for the Shanghai auto show in China on April 16, 2019. File picture: REUTERS/ALY SONG
Washington — The US justice department has opened an antitrust probe into four carmakers including Ford Motor and Honda Motor, which reached a pact on compromise exhaust pipe emissions with California, circumventing federal regulators, according to a person familiar with the matter. Also under scrutiny are BMW and Volkswagen, which along with Ford and Honda in late July announced a joint agreement with the California Air Resources Board on exhaust pipe greenhouse gas emissions regulations that the Trump administration has targeted.
Separately, the Trump administration is preparing a plan to strip California’s authority to set tougher vehicle efficiency regulations than the federal government's, even while agencies continue finalising a rollback of national standards, according to people familiar with the matter. The justice department sent letters to the vehicle makers about their agreement as part of a preliminary effort to determine whether the deal violates antitrust law, said the person. Dow Jones previously reported the probe.
South Africa Latest News, South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Gold slips after US data puts investors in a risk-on moodSpot gold slides 0.3% as metal is set for its second straight week of losses
Source: BDliveSA - 🏆 12. / 63 Read more »
Oil rises amid hope US and China will find common groundBrent edges higher and ready to post multi-week gains amid a sharp drawdown in US crude inventories
Source: BDliveSA - 🏆 12. / 63 Read more »
Source: eNCA - 🏆 49. / 51 Read more »
Bahamas reels from Dorian's devastation, storm surge threatens US southeastThe most damaging storm to strike the island nation, Dorian killed 20 people when it hit as a highest-level Category 5 storm, Bahamas Prime Minister Hubert Minnis said.
Source: SowetanLIVE - 🏆 13. / 63 Read more »
US stocks surge on prospect of trade war thawChina and the US agree to hold trade talks in early October in Washington
Source: BDliveSA - 🏆 12. / 63 Read more »
WeWork considers seeking valuation of up to $30bn in US IPOThat would mark a decline on the $47bn valuation the office-rental startup achieved earlier in 2019 from an investment by SoftBank, its biggest backer
Source: BDliveSA - 🏆 12. / 63 Read more »