US automakers could be placed at a competitive disadvantage by weakened fuel economy standards introduced under President Obama as China and the European Union tighten standards, according to an opinion piece in Jalopnik. Consider the current environment of the auto market: sales, most observers agree, plateaued in 2017. The article was written by John Bozzella, president of the National Association for Business Economics. A spike in gas prices combined with weakened standards could also cost suppliers up to $1.42bn in sales of fuel-efficient technologies each year, while Fiat Chrysler, Ford and General Motors could lose in excess of 300,000 sales.
US automakers could be placed at a competitive disadvantage by weakened fuel economy standards introduced under President Obama as China and the European Union tighten standards, according to an opinion piece in Jalopnik. The article was written by John Bozzella, president of the National Association for Business Economics. A spike in gas prices combined with weakened standards could also cost suppliers up to $1.42bn in sales of fuel-efficient technologies each year, while Fiat Chrysler, Ford and General Motors could lose in excess of 300,000 sales.