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Posts Tagged ‘Obama news’

With Obama in the Driver’s Seat, Automakers Set Records – But Still Faced Challenges

"A good time for the auto industry.”

by on Jan.20, 2017

President Barack Obama's legacy as it relates to the auto industry will be largely considered positive, according to analysts.

As the new Trump Administration takes shape, auto industry leaders will be watching closely to see how it handles a wide range of issues, from fuel economy regulations to tariffs and trade. They’ll also be taking stock of what happened during the eight years when President Barack Obama was in the driver’s seat.

Few presidents since Franklin Delano Roosevelt, during the Great Depression, have been in power during a time of such mammoth change for this powerhouse industry. When he first entered the White House in January 2009, all three domestic automakers seemed ready to fail – two ultimately filing for bankruptcy before receiving massive bailouts. Today, the industry is, on the whole, turning record profits.

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Obama’s tenure coincided with monumental transformation in an industry that, at one point directly or indirectly employed one in seven Americans. And, observers contend, many of those changes will continue to play out during the years and decades to come, including the emergence of autonomous vehicles and the rise of ride- and car-sharing. (more…)

Obama EPA Upholds Tough 54.5 MPG Fuel Economy Standards

Decision could still see challenge from incoming administration.

by on Nov.30, 2016

President Obama is trying to keep the tough 54.5 mpg CAFE standard agreed to by automakers in place after his administration ends next year.

In what could be one of the Obama Administration’s last critical decisions on the environment, the Environmental Protection Agency has decided not to change the tough, 54.5 mile per gallon Corporate Average Fuel Economy, or CAFE, standard phasing in between now and 2025.

The announcement comes despite strong opposition from an auto industry having to adjust to a market moving away from passenger cars to less efficient pickups, utility vehicles and other light trucks. And it raises the question of whether the incoming administration, led by a president-elect who has questioned the reality of climate change, will step in after it sweeps into office in January.

By the Numbers!

Officially, the EPA will continue taking comments through Dec. 30 as part of a so-called mid-term review of the mileage regulations enacted under President Obama, but in a conference call with reporters, Janet McCabe, EPA’s acting assistant administrator for the Office of Air and Radiation said EPA chief Gina McCarthy’s “judgement is now is not the time to introduce uncertainty by changing the standards.” (more…)

Obama to Visit Detroit Auto Show

President expected to highlight successful auto bailout.

by on Jan.11, 2016

President Barack Obama plans to attend this year's North American International Auto Show in Detroit.

President Barack Obama will visit the North American International Auto Show later this month, where he is expected to highlight both the successful bailout of the Detroit auto industry and the economic turnaround that led to record U.S. auto sales last year.

The success of the auto industry – which some economists credit with helping pull the U.S. out of its deep recession – is a key topic for the president as he moves to cement his legacy during the final year of his presidency. Auto sales are forecast to set yet another record in 2016, topped the nearly 17.5 million sold last year.

For the Record!

The rebound of an industry that saw demand drop below 10 million in 2010 shows “America can do anything,” Obama said Saturday during his weekly radio address. (more…)