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Ford CEO Tells Trump Fuel Economy Rules Will Cost Jobs

According to Ford CEO Mark Fields, about 1 million U.S. jobs are at risk if fuel economy rules do not mesh with the mark reality. Fields says he delivered that message directly to President Donald Trump last week in a meeting between Trump and the CEO’s of all three Detroit automakers.

Fields confirmed his remarks to Trump while speaking at the annual National Automobile Dealership Association (NADA) conference in New Orleans. The remarks are the most detailed yet out of the meeting, with both General Motors and Fiat-Chrysler Automobiles’ CEOs remaining silent regarding their exchanges with the new president.

Ford’s CEO claims the three CEOs did not ask President Trump to remove fuel economy regulations. Instead, they allegedly just warned of the impact on jobs if fuel economy standards do not align with market demand.

“We think having one national standard on fuel economy is really important,” Fields said at the NADA conference.

Fields went on to cite studies regarding the matter, but did not disclose specifics or how he arrived at the 1 million figure in terms of jobs lost due to fuel economy standards.

Prior to departing, former President Obama expedited the finalization of new fuel economy rules that call for a 54.5 mpg average by 2025. Automakers have largely opposed the new rules, citing they are too aggressive and do not mesh with consumers’ preference of trucks and SUVs.

 





 

About Nick Saporito

AutoVerdict Senior Editor Nick Saporito began writing about cars at age 13. Nick ran a couple of automotive enthusiast sites for several years, before taking some time off to focus on his career and education. By day he's a marketing executive in the telecom world and by night he hangs out here at AV. You'll find him focusing on tech, design and the industry's future.
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  1. mrickan
    Let's be honest: jobs aren't the real concern, it's profits.

    The domestics want less stringent CAFE mandates so that they can dump SUVs on a market that has a false sense of economic stability and no recollection of the last recession.

    Meanwhile, every other manufacturer will move forward with innovation because in the rest of the world, gas prices and environmental regulations are the norm.

    So what happens? Oil prices rise, the economy tanks, people stop buy gas-guzzling vehicles and the car companies beg for subsidies so that they can survive.
    nsaporito
    ChevyRules
    If gas remains this cheap.... then yeah I don't see the market clamoring for highly efficient vehicles. Gas goes above $4/gallon, the market will align with the regulation or close to it. The market will go where fuel prices go because people don't think long term. They see $2.50/gallon and they go right back to buying Suburbans, Tahoes, etc. And they will trade them in for Prius's again the moment gas prices spike up.


    Agreed. To me the more market driven approach is to hike gas taxes. That will modify consumer behavior versus forcing it.
    ChevyRules
    If gas remains this cheap.... then yeah I don't see the market clamoring for highly efficient vehicles. Gas goes above $4/gallon, the market will align with the regulation or close to it. The market will go where fuel prices go because people don't think long term. They see $2.50/gallon and they go right back to buying Suburbans, Tahoes, etc. And they will trade them in for Prius's again the moment gas prices spike up.
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