BY TYLER DURDEN
THURSDAY, DEC 04, 2025 – 06:55 AM
European automaker shares rose sharply on Thursday after President Donald Trump moved to roll back U.S. fuel economy limits established under Joe Biden, according to Reuters. The administration framed the proposal as a way to lower consumer costs by making it easier for companies to sell gasoline-powered vehicles.
By mid-morning, Porsche shares were up more than 5%, Mercedes-Benz and Volvo Car gained nearly 4%, Renault rose 3.3%, and Stellantis climbed around 2.7% after an 8% rally the previous day.
Speaking from the Oval Office alongside industry executives and lawmakers, Trump announced the reversal of the Biden-era rules, saying, “We’re officially terminating Joe Biden’s ridiculously burdensome, horrible, actually, CAFE standards that impose expensive restrictions and all sorts of problems — gave all sorts of problems to automakers. And we’re not only talking about here, we’re talking about outside of our country.”
He also said his administration would revoke California’s emission waivers, following a Senate vote earlier this year to overturn them. A White House official said the reset could save Americans up to $109 billion.
Source:
https://www.zerohedge.com/markets/european-carmakers-surge-after-trump-rolls-back-fuel-rules