Ford Motor Company CEO Mark Fields doesn’t have kind words for the Environmental Protection Agency’s surprise decision to keep long-term fuel economy targets in place.
A mid-term review of corporate average fuel economy (CAFE) targets set in 2012 kicked off earlier this year, but the timing of the agency’s recent decision to maintain the 54.5 mile-per-gallon goal reeks of politics, Fields claims.
For automakers, reaching 54.5 mpg means extra costs. To avoid this, Ford is prepared to turn to its election campaign sparring partner — President-elect Donald Trump — for help.
The election saw no limit to the acrimony between Trump and Ford, but that was then, and there’s money at stake now. In a Friday interview with Bloomberg, Fields made it clear he wants Trump to pull levers in Ford’s favor.
“We will be very clear in the things we’d like to see,” Fields said.
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