Research

BMW, Ford, Honda and VW sign greenhouse gas pact with California

BMW, Ford, Honda and VW sign greenhouse gas pact with California

It's hard to make money when the regulatory ground beneath your feet is constantly shifting. "The more electric vehicles you sell, the more benefit you get".

The Obama-era rules adopted in 2012 called for a fleetwide fuel efficiency average of 46.7 miles per gallon by 2025, with average annual increases of about 5%, compared with 37 mpg by 2026 under the Trump administration's preferred option.

Building automobiles requires years of planning if the objective is to do it profitably.

Four major automakers reached a compromise with California's clean-air regulator to boost fuel efficiency, a move the Trump administration dismissed as a "PR stunt" that wouldn't affect its plans to ease mileage requirements enacted during the Obama administration. Combined, those states represent 40% of the U.S. new auto market. The pact closely mirrors clean auto standards put in place by the US Environmental Protection Agency under the Obama administration.

In the meantime, a phalanx of states led by California sued the EPA over the rollback attempt.

The compromise between the California Air Resources Board and Ford, Honda, Volkswagen, and BMW of North America came after weeks of secret negotiations and could shape future USA vehicle production, even as White House officials aim to relax gas mileage standards for the nation's cars, pickup trucks, and SUVs.

The four automakers came to California with the proposal, and the Air Resources Board hopes other companies will join them, Chairwoman Mary Nichols said Thursday. "They are in complete denialism about climate change", California's Democratic Gov. Gavin Newsom told reporters on a media call.

More news: Cortana Out Of The Picture For The Xbox One, Microsoft Says

The statement comes after four automakers announced a deal with California on increases in gas mileage requirements from 2022 to 2026.

"These terms will provide our companies much-needed regulatory certainty by allowing us to meet both federal and state requirements with a single national fleet, avoiding a patchwork of regulations while continuing to ensure meaningful greenhouse gas emissions reductions", the statement said. Since automakers want to avoid making different cars for different markets, the agreement could serve as a de facto federal standard for companies representing some 30% of the United States market. An earlier EPA analysis found that tightening standards would eliminate almost two billion tons of greenhouse gas over the lifetime of vehicles produced in model years 2017 to 2025.

Government officials gave the new agreement the cold shoulder.

The four major automakers' agreement to recognize California's legal authority to set vehicle rules is at odds with a White House plan to strip the state of that right. Reactionaries are always in favor of state's rights except when they aren't because the result is inconvenient for them. It also promotes a transition to electric vehicles by giving companies that produce and sell more electric cars credits toward meeting that emissions standard, and by providing incentives for installing more emissions-reducing technologies. They have agreed to produce fleets averaging almost 50 mpg by model year 2026. Keep in mind that the average fuel economy calculation is not based on the current formula used to rate highway, city, and combined fuel economy for new cars. He also claimed that the previous administration was too optimistic about the adoption of all-electric and hybrid vehicles, though he based some of these arguments old, misleading data and industry talking points in his own EPA's first proposal. That means the fleet of new vehicles would have to average around 36 miles per gallon in real-world driving by 2026.

The four automakers represent only about 30% of US new-vehicle sales, but they hope other auto companies will join them in creating single pollution and mileage standards across the country.

A dozen US states have adopted California's vehicle emissions rules covering more than a third of all USA sales, and California, the most populous US state accounting for about 12% of USA vehicle sales, would certify automakers in compliance with its rules if it adopted the compromise.


  • Australian athletes caught up in fatal Korean club balcony collapse

    Australian athletes caught up in fatal Korean club balcony collapse

    Australian, New Zealand and US water polo officials confirmed team members were present when the incident occurred. New Zealand men's water polo team captain Matt Small said he was on the second-floor deck when it collapsed.
    US  to resume carrying out executions for federal death row inmates

    US to resume carrying out executions for federal death row inmates

    According to the center, of the five men named by Barr Thursday, three are white, one is black, and one is Native American. Obama, president from 2009 to 2017, was not fundamentally opposed to the death penalty but questioned its application.
    Johnson, Thomas defending champs as WGC moves to Memphis

    Johnson, Thomas defending champs as WGC moves to Memphis

    Typically, the week after a major championship features a weak field event, but that changes this week with the WGC-FedEx St. The only top 50 golfers to skip the event are Rickie Fowler, Francesco Molinari, Bernd Wiesberger, Tiger Woods and Lowry.
  • Oman's foreign affairs minister in Iran for talks

    Oman's foreign affairs minister in Iran for talks

    Analysts say they believe the test of the medium-range ballistic missile by Iran is meant to improve its accuracy. "Sure. The Shahab-3 missile reported travelled 621 miles without hitting any targets, according to Pentagon officials.
    NASA's Orion Spacecraft: Where to?

    NASA's Orion Spacecraft: Where to?

    Kennedy swore that the US would land an American space traveler on the moon before the decade's over. NASA's Orion crew capsule is now complete and ready for the next stage of the project.
    Tesla may run on Indian roads in 2020: Elon Musk

    Tesla may run on Indian roads in 2020: Elon Musk

    Despite delivering a record number of vehicles in Q-2 Tesla lost $1.12 a share, a bigger deficit than any analyst projected. I love the team and I love the company and I always will. "It is hard for people to really feel an exponential, " Mr.
  • Adare Manor in Ireland to host 2026 Ryder Cup

    Adare Manor in Ireland to host 2026 Ryder Cup

    JP McManus has spent millions on the hotel and golf resort and the course is now recognised as one of the finest in the country. In 2018, when the event was hosted in Paris around 270,000 people attended the three-day event.
    Diego Costa, more of a predator than ever

    Diego Costa, more of a predator than ever

    You can lose many ways, but not like that. " They were better in every respect and that's all there is to it ". That is also known to the players, who are disappointed.
    Tesla reports $408 million net loss, top executive to leave

    Tesla reports $408 million net loss, top executive to leave

    The company attributed its performance to record vehicle delivery numbers of more than 95,000 cars. It's not looking very promising as Tesla's management plays a game of musical chairs.
  • Facebook Hit With $5B Penalty, Must Establish Independent Privacy Committee

    Facebook Hit With $5B Penalty, Must Establish Independent Privacy Committee

    In order to follow its new and probably now-secure privacy rules, Facebook has to start and maintain a data security program. Excluding the items, the company said profit was $1.99 a share, exceeding the $1.88 per-share average analyst estimate.
    Arsenal confirm loan signing of Dani Ceballos from Real Madrid

    Arsenal confirm loan signing of Dani Ceballos from Real Madrid

    What was it about Arsenal that made you want to come here? "I am very proud to join Arsenal". I'm joining a historic Premier League side and it's a step forward in my career.
    Corey Coleman tears ACL in Giants debacle

    Corey Coleman tears ACL in Giants debacle

    He had 718 yards and five touchdowns with the Cleveland Browns in his first two seasons combined. Injury Update: Wide Receiver Corey Coleman suffered a torn ACL during Thursday's practice.