Shares of European carmakers jumped between 2.5 per cent and 5 per cent in early Thursday trading after US President Donald Trump proposed slashing fuel economy standards finalised by his predecessor Joe Biden, reports Reuters.
The Trump administration cast the change, aimed at making it easier for automakers to sell gasoline-powered cars, as a way to lower consumer costs in the US, a trader said.
Stay up to date with the latest news, trends and innovations that are driving the global automotive industry with the Reuters Auto File newsletter. Sign up here.
By around 0930 GMT, shares in Porsche were up more than 5 per cent, Mercedes and Volvo Car gained nearly 4 per cent, while Renault rose 3.3 per cent. Stellantis' Milan-listed and Paris-listed shares rose around 2.7 per cent after surging nearly 8 per cent on Wednesday.
Stellantis CEO Antonio Filosa said in a statement he looked forward to collaborating with the US National Highway Traffic Safety Administration on "environmentally responsible policies that also allow us to offer our customers the freedom to choose the vehicles they want at prices they can afford".
Volvo Cars said it was too early to speculate on consequences of the regulatory change.
Trump's U-turn on fuel economy rules lifts European carmakers' shares
FE Team | Published: December 04, 2025 22:30:15
Trump's U-turn on fuel economy rules lifts European carmakers' shares
Share if you like