Autos/White House Mtg: Business group says much as risk for meeting outcome

Outcome of Automaker/White House Meeting to Impact Entire Industry
Business group representative says stakes are high for auto industry and U.S. economy

May 11, 2018 (BOSTON) - As automakers meet with the White House to determine the future of light-duty fuel economy and greenhouse gas emissions standards, Carol Lee Rawn, director of transportation at Ceres, released the following statement:

Today, automakers have the opportunity to act in the best interest of their industry's long-term survival.

Weakening fuel economy and emissions standards would undermine the global competitiveness of the auto industry and increase fuel costs for businesses and consumers. Our latest analysis shows that auto suppliers, who employ 2.6 times more Americans than the automakers, stand to lose $20 billion from 2021-2025 if the standards are frozen in 2020.

The stakes are high, and we urge automakers to express support for retaining current standards and ensuring alignment with the 13 states and the District of Columbia, which have elected to adopt their own strong emissions rules. Preserving fuel economy and emissions standards is in the best interest of the auto industry and the U.S. economy."

Ceres is a sustainability nonprofit organization working with the most influential investors and companies to build leadership and drive solutions throughout the economy. For more information, visit www.ceres.org and follow @CeresNews.