New U.S. Transportation Secretary Sean Duffy signed an order on Tuesday directing U.S. regulators to rescind landmark fuel economy standards issued under President Joe Biden that aimed to drastically ...

to reset the Corporate Average Fuel Economy (CAFE) standards for automakers. The DOT said in a statement that the new standards will lower the price of new cars for consumers while eliminating a ...

CAFE, or Corporate Average Fuel Economy, rules date back to oil shocks Americans suffered in 1974 and 1980. The first ones went into effect in 1978. They are intended to help drivers use less fuel ...

The U.S. Department of Transportation last year issued new Corporate Average Fuel Economy (CAFE) standards for the model years 2027-2032. The rules require the fleetwide average fuel economy for ...

Shortly after the Senate confirmed Duffy on Tuesday, he signed a memo to the National Highway Traffic Safety Administration, asking the agency to review its corporate average fuel economy ...

French car maker Renault lifted its dividend on Thursday as it posted a record full-year profit. For 2024, it said operating ...