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.