STLA, F, GM Climb Overnight As Trump Clears Fuel Economy Rollback — Says Auto Plants Are ‘Coming Back’
newsable.asianetnews.com Sep 28, 2026

STLA, F, GM Climb Overnight As Trump Clears Fuel Economy Rollback — Says Auto Plants Are ‘Coming Back’

AI-summarised brief · reviewed before publication

President Donald Trump announced the approval of a rollback of federal fuel‑economy standards, replacing the Biden administration’s target of 50.4 mpg for 2031 models with a projected 34.5 mpg. The change, slated for a final rule on Monday, is promoted as a way to lower vehicle prices—NHTSA estimates an upfront savings of about $930 per car—and to revive U.S. auto manufacturing jobs. Following the announcement, shares of Stellantis rose 1 %, while Ford and General Motors edged up 0.1 % and 0.2 % respectively. Trump framed the move as a “big day for American auto workers and car buyers,” citing requests from manufacturers to increase domestic production in states such as Michigan, Ohio, Indiana and South Carolina. The revised standards would reset in 2022, rise modestly through 2026, and increase more slowly through 2031, prompting mixed market reactions and a sharp decline for many electric‑vehicle makers.

💡 Why It Matters

  • · The rollback could reshape the U.S.
  • · auto supply chain by incentivizing legacy manufacturers to expand domestic assembly, potentially shifting investment away from electric‑vehicle development.