TELETRADER News
8/22, 1:12 AM (Source: TeleTrader)
more TeleTrader news

Trump condemns Ford over its cooperation with California

United States President Donald Trump slammed the leadership of Ford Motor Co. while adding that the State of California will "squeeze [car companies] to a point of business ruin" through its emission regulation.

"Henry Ford would be very disappointed if he saw his modern-day descendants wanting to build a much more expensive car, that is far less safe and doesn’t work as well, because execs don’t want to fight California regulators... Only reason California is now talking to [car companies] is because the Feds are giving a far better alternative, which is much better for consumers," Trump tweeted.

Earlier, regulators from California reached a deal in July with Ford, Honda, Volkswagen, and BMW to agree to make cars which meet its higher fuel efficiency standards, thus challenging Trump's plans to loosen emission regulations.

Breaking the News / MA