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Automakers Tell Trump To Negotiate

High gas taxes and cities and town designed before vehicles became popular make smaller more efficient cars more popular in Europe.

Trying to find a place to park a new F150 is a pain in western Canada, I would hate to see how hard it would be drive and park one in some of the older cities in Europe

Have you been to Europe lately? I’ve travelled to Western Europe quite a bit since me and the missus retired. You will pay for parking. There are many underground/multi-level garages. You are correct as far as the cities and the distances. That also makes it easier to provide the excellent mass transportation that is available. Manual transmission is the overwhelming favorite, as well.
 
For automakers, a bifurcated market is their nightmare scenario.

They're free to comply with the strictest standards in all 50 states. Isn't that what more than half the population wants anyway?
 
As is typical, Donald Trump has sown chaos in yet another critical US industry. 17 automakers have had it with the uncertainty Trump injected into their marketplace.

The Europeans have certainty, but they don't seem particularly happy about it. 92 mpg by 2030? Yikes! :shock:

The EU has mandated average fuel economy across manufacturer’s fleets the equivalent of about 57 U.S. miles per gallon mpg in 2021, up from 41.9 miles per U.S. gallon in 2015, and 92 miles per U.S. gallon by 2030. This can only be achieved by a huge, and maybe impossible, contribution from expensive electric cars. The EU now insists on a 37.5% cut in carbon dioxide (CO2) by 2030 to 59 g/km from 2021’s 95 g/km.

The European Car Manufacturers Association is angry, saying the target for 2030 is totally unrealistic, and is driven purely by political motives, without taking technological and socio-economic realities into account.

EU Fuel Economy Rule Violations Could Cost Manufacturers Big
 
After 2009 or so, pretty much ALL cars made or sold in the USA are "50 state legal".
Maybe it's 2010, maybe 2009 but the point is, the industry has already decided to comply with California emissions standards a few years back.
Sure, older cars may be 49 state or California legal but if you lift the hood on most cars made in the last eight to ten years, it's pretty certain you will see the sticker that says "50 state emissions" or the equivalent.

So it is already a done deal and has been for a while now.
 
The biggest reason why GM and Chrysler needed bailouts was that they were building cars that could only be sold in the USA, because they didn't meet mileage or pollution standards elsewhere in the world. This meant that imported cars from Germany and Japan were getting much better mileage with much lower emissions, and the American public embraced these cars. Americans won't buy high pollution gas guzzlers.

This is like trying to bring back coal.

The biggest reason for the bailouts was the overly generous Union contracts that were given.
 
Bad management in other words

Bad management that rewarded themselves with bonuses because of the way the bailout money was treated on their balance sheets.

Congress and the president were stupid not to stipulate the CEOs could not profit from the bailout money.
 
Bad management in other words

Mostly. And with the bailout, most of the management continued on. Should have let bankruptcy happen. The company would have come out for the better.
 
Mostly. And with the bailout, most of the management continued on. Should have let bankruptcy happen. The company would have come out for the better.

Yes, it would have.
 
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