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Fiat Chrysler Automobiles NV (FCHA.MI) said in separate comments that the auto industry is complying with existing fuel efficiency requirements by using credits from prior model years. As a result even if requirements are frozen at 2020 levels “the industry would need to continue to improve fuel economy” as credits expire, it added, warning if the government hikes standards beyond 2020 requirements “the situation worsens .. without some significant form of offset or flexibility.”.

Fiat Chrysler and Ford Motor Co (F.N) urged the government to reclassify two-wheel drive SUVs as light trucks, which face less stringent requirements than cars, A four-wheel drive version of the same SUV is considered a light truck, ole miss sterling silver cufflinks Ford’s comments back fuel rules “that increase year-over-year with additional flexibility to help us provide more affordable options for our customers.”, GM’s comments said it was “troubled” that President Donald Trump’s administration wants to phase out incentives for electric vehicles..

The Trump plan’s preferred alternative freezes standards at 2020 levels through 2026 and hike U.S. oil consumption by about 500,000 barrels per day in the 2030s but reduce automakers’ collective regulatory costs by more than $300 billion. It would bar California from requiring automakers to sell a rising number of electric vehicles or setting state emissions rules. The administration of former President Barack Obama had adopted rules, effective in 2021, calling for an annual increase of 4.4 percent in fuel-efficiency requirements from 2022 through 2025.

GM has been lobbying Congress to lift the existing cap on electric vehicles eligible for a $7,500 tax credit, The credit phases out over a 12-month period after an individual automaker hits 200,000 electric vehicles sold, GM said the current tax credit puts “companies like GM and ole miss sterling silver cufflinks Tesla (TSLA.O) at severe pricing disadvantage in the market for several years.” On Friday, GM called for a nationwide zero-emission vehicle program, while 20 U.S, states called for the administration to abandon its proposal to weaken the Obama rules..

(Reuters) - Volkswagen (VOWG_p.DE) and Intel Corp’s (INTC.O) Mobileye are planning to roll out Israel’s first ride-hailing service using self-driving cars starting early next year. The two companies are forming a joint venture with Israeli car importer Champion Motors, under which Volkswagen will provide the electric vehicles and Mobileye its autonomous driving technology, the companies said in a statement on Monday. The service, called “Mobility-as-a-Service”, is expected to be commercialized by 2022, with Champion Motors running the fleet operations and control center.

The Israeli government, which has accepted the proposal, will also support it by sharing required infrastructure and traffic data, the companies said, Automakers are teaming up ole miss sterling silver cufflinks with tech companies to gain a head start in driverless technology, which is expected to upend the transportation industry, Honda Motor Co Ltd (7267.T) announced an investment of $2.75 billion in General Motors Co’s (GM.N) Cruise self-driving vehicle unit, to jointly develop autonomous vehicles for deployment in ride services fleets around the world..

NEW YORK (Reuters) - Oil prices edged lower on Monday, with futures on track for the worst monthly performance since mid-2016, after Russia signaled that output will remain high and as concern over the global economy fueled worries about demand for crude. Brent crude LCOc1 futures fell 28 cents to settle at $77.34 a barrel. U.S. West Texas Intermediate (WTI) crude CLc1 futures fell 55 cents to settle at $67.04 a barrel. Global benchmark Brent was on track to drop about 6.6 percent for the month. U.S. crude was on course to fall about 8.5 percent. Both were set for the steepest monthly decline since July 2016.

Even with U.S, sanctions on Iranian exports due to come into force on Nov, 4, oil prices have fallen about $10 a barrel since four-year highs reached in early October, Russian Energy Minister Alexander Novak said on Saturday there was no reason for Russia to freeze or cut its oil production levels, noting that there were risks that global oil markets ole miss sterling silver cufflinks could be facing a deficit, The Organization of the Petroleum Exporting Countries (OPEC), led by Saudi Arabia and non-OPEC member Russia, agreed in June to lift oil supplies, but OPEC then signaled last week that it may have to reimpose output cuts as global inventories rise..

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