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

Renault has reported a “record” operating profit in absolute value, reaching €4.26bn ($4.44bn) in 2024, an increase of €146m ...

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 ...

Almost immediately, Secretary Duffy signed a memorandum directing staff to begin "the process of resetting Corporate Average Fuel Economy (CAFE) standards." It's going to cost everyone money ...

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 ...

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 ...

DETROIT — Hours after being sworn in as the new U.S. Secretary of Transportation, Sean Duffy took aim at the main way the federal government regulates miles per gallon for cars and pickup trucks ...

His first order of business after being sworn in was signing a memorandum directing staff to start the process of resetting Corporate Average Fuel Economy (CAFE) standards. USDOT says it will ...

including Corporate Average Fuel Economy (CAFE) standards put in place by the Biden Administration that set higher efficiency targets beyond the end of the decade. In the letter, Duffy claims that ...

The automaker aims to achieve a group operating margin of at least 7%, which includes an estimated one point of negative impact from Corporate Average Fuel Economy (CAFÉ) regulations ...