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Fiat Chrysler Backs Off Proposed CAFE Rollbacks

Automaker changes tone about move to stifle tougher fuel economy rules.

by on May.15, 2018

FCA CEO Sergio Marchionne amended his position on the rollback of CAFE standards after meeting with President Trump.

This story has been updated with new information.

Fiat Chrysler CEO Sergio Marchionne is now adding to the remarks he made after a meeting with President Donald Trump in which he appeared to endorse the Trump administration’s efforts to roll back fuel economy standard and revoke the state of California’s ability to enforce tighter standards.

“I appreciated the opportunity to talk to the President today about our shared commitment to the automotive industry,” Marchionne said in a statement after the White House meeting at which Trump reportedly described Marchionne as his favorite person in the room.

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“Consumer preferences and technological advancements in our business are constantly evolving. Therefore, revisiting and assessing EPA standards, as was originally intended, is the right thing to do. With this process just beginning, it would be a mistake to jump to conclusions and pre-judge the outcome.  (more…)