US: Four car companies to meet with DOJ over CA emission law

According to the Wall Street Journal, four car makers facing a federal antitrust probe for their auto emissions deal with California will meet with the Justice Department next week.

The meetings would mark the first substantive discussions between the two sides since the Justice Department sent an inquiry letter a month ago seeking information about an agreement on greenhouse-gas emissions that Ford Motor, Honda Motor, BMW, and Volkswagen reached recently with the California Air Resources Board, The Journal stated.

The four automakers agreed in the pact to cut their emissions by 3.7% annually for their model years 2022 to 2026. The targets, announced in July, are lower than those mandated by Obama-era rules, but stricter than those sought by the Trump administration, which wants to unwind the Obama regime as well as void California’s long standing ability to set its own emissions standards.

The Justice Department’s August 28 letter to the auto makers, questioned whether the companies agreed privately among themselves on the outlines of the California deal—an act that “may violate federal antitrust laws”—and asked them to provide more information.

Full Content: Wall Street Journal

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