According to Reuters, the US House Judiciary Committee plans to hold hearings and seek documents related to the Justice Department’s antitrust investigation into four major automakers’ agreement with California to adopt the state’s compromise vehicle emissions requirements.
Rep. Jerrold Nadler (Democrat -New York), the House Judiciary chairman, and Rep. David Cicilline (Democrat – Rhode Island), who chairs an antitrust subcommittee, said in a statement Monday, September 9, that the probe of Ford, Honda, BMW, and Volkswagen “is only the latest in a profoundly troubling pattern of abuse of power that has flourished under the Trump presidency.”
The two House Democrats added “there is virtually no antitrust theory that the Justice Department can use to prove that this agreement will unreasonably restrain trade or otherwise violate the antitrust laws.”
CPI reported on Saturday the existence of the investigation as the Trump administration has ramped up its opposition to automakers seeking to sidestep it on rolling back Obama-era fuel-efficiency rules.
Full Content: Reuters
Want more news? Subscribe to CPI’s free daily newsletter for more headlines and updates on antitrust developments around the world.
