Amid the government-created “energy crisis,” a Democratic Congress passed, and President Gerald Ford foolishly signed, a law in 1975 that dictated the average fuel economy automakers must reach for the passenger cars they sell in a given year
Chinese automakers see overseas expansion as key to boosting profits and strengthening their global influence
One year ago, the Chinese battery giant CATL announced that it had redefined the limits of electric cars by creating a battery that could power a vehicle for 320 miles on a 5-minute charge.
Honda posted a net loss of 403.3 billion yen, or roughly $2.6 billion, for the fiscal year ending in March.
By ending EV subsidies and impossible CAFE standards, the president rescued automakers from a decade of government overreach.
