
The California Air Resources Board (CARB) and major automakers on Monday, August 17, confirmed they had finalized binding agreements to cut vehicle emissions in the state, defying the Trump administration’s push for weaker curbs on tailpipe pollution.
According to Reuters, the agreements with carmakers, including Ford Motor, Volkswagen, Honda Motor, and BMW, were first announced in July 2019 as voluntary measures, prompting anger from US President Donald Trump.
A month later, the Justice Department opened an antitrust probe of the agreements, only to end it without action.
The administration in March finalized a rollback of US vehicle emissions standards to require 1.5% annual increases in efficiency through 2026, well below the 5% annual increases in discarded rules under President Barack Obama.
Volvo Cars, owned by China’s Geely Holdings, also finalized its agreement on Monday. CARB stated the deal will cut vehicle greenhouse gas emissions through 2026 and “encourage innovation to accelerate the transition to electric vehicles, provide industry the certainty needed to make investments and create jobs, and save consumers money.”
Full Content: Reuters
Want more news? Subscribe to CPI’s free daily newsletter for more headlines and updates on antitrust developments around the world.
Featured News
South Africa Approves Canal+ MultiChoice Deal
May 21, 2025 by
CPI
WhatsApp Co-Founder Undermines Antitrust Allegations Against Meta in Court Testimony
May 21, 2025 by
CPI
OpenAI Acquires Jony Ive’s io for $6.4B to Pioneer Post-Smartphone Devices
May 21, 2025 by
CPI
Dior Commits €2 Million to Labor Initiatives in Italian Antitrust Settlement
May 21, 2025 by
CPI
Indonesia’s Antitrust Watchdog Probes Potential Risks of Grab-GoTo Merger
May 21, 2025 by
CPI
Antitrust Mix by CPI
Antitrust Chronicle® – Industrial Policy
May 21, 2025 by
CPI
Industrial Strategy and the Role of Competition – Taking a Business Lens
May 21, 2025 by
Marcus Bokkerink
Industrial Policy, Antitrust, and Economic Growth: Some Observations
May 21, 2025 by
David S. Evans
Bolder by Design: Crafting Pro-Competitive Industrial Policies For Complex Challenges
May 21, 2025 by
Antonio Capobianco & Beatriz Marques
Competition-Friendly Industrial Policy
May 21, 2025 by
Philippe Aghion, Mathias Dewatripont & Patrick Legros