CBT Automotive has been keeping you informed on all developing updates pertaining to the Corporate Average Fuel Economy (CAFE), and the North American Free Trade Agreement (NAFTA) as Washington and the automotive industry meet in hopes to move forward with plans that support our nations dealers. Today on our CBT Newscast we had the pleasure of speaking with Cody Lusk, President, and CEO of the American International Automobile Dealers Association, who took time to inform our audience on any new developments as well as the state of these affairs and measures moving forward.
On Friday President Trump and his administration met with members representing major automotive-makers from around the world to discuss CAFE after 17 states sued the E.P.A in the U.S. Court of Appeals to prevent it from revising the corporate average fuel economy standards. The Association of Global Automakers President and Chief executive officer, John Bozzella and Ford Motor Company Chief Executive Officer Jim Hackett, are just two who arrived at the white house on Friday morning.
Lusk, along with the team at AIADA, have been working around the clock as there is a lot going on amidst the industry these days. He was also quick to congratulate the NADA team and multiple dealers who have spent endless hours speaking up against the 2013 Consumer Financial Protection Bureau (CFPB) guidelines. On May 8th, due to their hard work, United States House of Representatives’ voted to repeal the measure. Lusk, who has previously said that this will have a positive effect on all dealers in the industry, tells Fitzpatrick, “Every so often congress does the right thing.