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Honda CDR (CAD Hedged)
Symbol HNDA
Shares Issued 70,000
Close 2026-09-25 C$ 11.96
Market Cap C$ 837,200
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Globe/NYT say Honda sees Trump gut clean car rules

2026-09-28 04:39 ET - In the News

Also In the News (C-F) Ford CDR (CAD Hedged)
Also In the News (C-TOYM) Toyota CDR (CAD Hedged)

The Globe and Mail reports in its Monday, Sept. 28, edition that the Trump administration will move Monday to weaken fuel-efficiency rules for new cars and light trucks, undermining efforts to reduce gasoline consumption and promote electric vehicles. A New York Times dispatch to The Globe reports that President Donald Trump said Saturday he had "just approved new Fuel Economy Standards," adding falsely that president Joe Biden had implemented an "EV mandate." Transportation Secretary Sean Duffy said the move would be announced Monday. The Transportation Department's final rule is expected to weaken federal mileage standards, reducing automakers' incentives to improve fuel efficiency and sell more electric models. The proposed rule, issued in December, required automakers to achieve an average fuel efficiency of 34.5 mpg for cars and light trucks in model year 2031, down from the standard of 50.4 mpg set by the Biden administration. Mr. Trump claimed on social media that loosening the mileage standards would lower the price of new cars by thousands of dollars. But Congress already eliminated fines for automakers that don't meet the standards, rendering the rollback on Monday largely symbolic.

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