'Climate change is real,' carmakers write in a letter to White House

Automakers urged the White House to cooperate with California officials in a coming rewrite of vehicle efficiency standards, saying “climate change is real.”

The plea came in a May 3 letter to the White House’s Office of Management and Budget from the Alliance of Automobile Manufacturers, the industry’s leading trade group. It said carmakers “strongly support” continued alignment between federal mileage standards and those set by California. General Motors Co., Ford Motor Co., Daimler AG and nine other carmakers are members of the Alliance.

“Automakers remain committed to increasing fuel efficiency requirements, which yield everyday fuel savings for consumers while also reducing emissions -- because climate change is real and we have a continuing role in reducing greenhouse gases and improving fuel efficiency,” David Schwietert, executive vice president of federal government relations at the Alliance, wrote in the letter, which was made public Monday.

The letter came roughly a week before President Donald Trump signaled he was open to talks with California on mileage standards. The direction came after the administration’s April ruling that the Obama administration standards for model years 2022-2025 were too aggressive and needed to be eased.

US jobless claims rise from three-month low

The number of Americans filing for unemployment benefits rebounded from a three-month low last week, but remained below a level consistent with a tightening labor market.

Initial claims for state unemployment benefits increased 10,000 to a seasonally adjusted 244,000 for the week ended July 22, the Labor Department said on Thursday.

Data for the prior week was revised to show 1,000 more applications received than previously reported.

Economists polled by Reuters had forecast claims rising to 241,000. It was the 125th straight week that claims remained below 300,000, a threshold associated with a robust labor market. That is the longest such stretch since 1970, when the labor market was smaller. The labor market is near full employment, with the jobless rate at 4.4 percent.

Claims have been volatile in recent weeks as automakers shut assembly plants for annual retooling. Some manufacturers like General Motors are extending their summer shutdowns to manage excess inventory from declining sales.

Economists say this could be throwing off the model used by the government to strip out seasonal fluctuations from the data, causing swings in the weekly numbers.

A Labor Department official said there were no special factors influencing the claims data and that no states had been estimated.
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