Ford Motor Aktie News

Under the Biden-era rules, carmakers would have needed to achieve a fuel-efficiency standard of about 50 miles to a gallon of gas by 2031. Trump's proposal would lower that requirement to 34.5 miles to the gallon.

Congress already had eliminated fines for automakers that violated the rules.

The Trump administration on Wednesday will propose a significant rollback of fuel economy standards finalized by former President Joe Biden last year in its latest push to make it easier for automakers to sell gas-powered cars, automakers and sources told Reuters.

Ford Motor Co.'s (NYSE: F) experiment with electric vehicles (EVs) may not be over permanently.

Automakers are betting on hybrids as they cope with an EV slowdown.

Ford Motor Co on Tuesday reported a marginal drop in its U.S. auto sales in November, as sales of its electric vehicles fizzled following the end of tax credits.

The Dearborn, Mich., carmaker's electric vehicle sales continued to sink in November, as the company weighs scrapping the electric version of its F-150 truck following the expiration of a federal tax credit for electric vehicles.

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