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At meeting with automakers, Trump launches new attack on NAFTA

WASHINGTON — Ten American and foreign automakers went to the White House on Friday to push for a weakening of U.S. fuel efficiency standards through 2025, while President Donald Trump used the occasion to launch a fresh attack on the North American Free Trade Agreement that has benefited the companies. A draft proposal circulated by the U.S. Transportation Department would freeze fuel efficiency requirements at 2020 levels through 2026, rather than allowing them to increase as previously planned. Trump's administration is expected to formally unveil the proposal later this month or in June. "We're working on CAFE standards, environmental controls," Trump told reporters at the top of the meeting, referring to the Corporate Average Fuel Economy standards for cars and light trucks in the United States. Trump said he wants automakers to build more vehicles in the United States and export more vehicles. But much of the hour-long meeting focused on NAFTA. Trump blasted the pact involving the United States, Canada and Mexico as "terrible" and noted that negotiations to make changes sought by his administration were ongoing. "NAFTA has been a horrible, horrible disaster for this country and we'll see if we can make it reasonable," Trump said. Automakers have called NAFTA a success, allowing them to integrate production throughout North America and make production competitive with Asia and Europe, and have noted the increase in auto production over the past two decades with the deal in place. They have warned that changing NAFTA too much could prompt some companies to move production out of the United States. The chief executives of General Motors Co, Ford Motor Co, Fiat Chrysler, along with senior U.S. executives from Toyota Motor Corp, Volkswagen AG, Hyundai Motor Co, Nissan Motor Co, Honda Motor Co , BMW AG and Daimler AG met with Trump, as did the chief executives of two auto trade groups. Major automakers reiterated this week they do not support freezing fuel efficiency requirements but said they want new flexibility and rule changes to address lower gasoline prices and the shift in U.S. consumer preferences to bigger, less fuel-efficient vehicles.

Here's how wildly expensive it is to participate in F1

The cost of competing in Formula One racing is extremely high. Not in the physical and lifestyle sense, although that too takes a major toll on each team and driver, but in a literal hand-over-the-cash sense. Each F1 team pays hundreds of thousands of dollars to enter, plus a fee for every single point the team earned in the previous season. Motorsport.com recently detailed just how absurdly pricey entering the F1 field is. According to the piece, the price of entry goes up each year due to the U.S. Consumer Price Index. For 2019, the entry fee is $546,133, and it doesn't stop there. There are additional dues required of each team based on where the team finished in the previous season. Interestingly, the winners pay more. For example, Mercedes-Benz, the constructor champion for the past five years, must pay $6,553 per point it scored in 2018. With 655 points scored, that's $4,292,215. All other teams must pay $5,459 per point. For a full rundown of what the teams will be paying for 2019, check out the full article here.Related Video:

2017 Honda Ridgeline boosts fuel economy by 5 mpg

The 2017 Ridgeline brings Honda back into the pickup segment later this spring, but the automaker has so far kept quiet about many of the new truck's specs. Thanks to the government, we now have fuel-economy ratings for the new model, and they compare well to the competition. Front-drive versions of the new Ridgeline get 19 miles per gallon in the city and 26 mpg highway. If you opt for all-wheel drive, the numbers are a point lower, at 18/25 mpg. That's are a decent upgrade over the last-gen truck, which was only offered with all-wheel drive and had ratings of 15/21 mpg for the 2014 model year. The related Honda Pilot crossover, which was new for 2016, does a touch better, with maximum fuel economy of 20/27 mpg on a front-drive model with the optional nine-speed automatic. Comparing the Ridgeline with the fresh crop of updated midsized pickups, the Honda fares well. For comparable models with a V6 engine, automatic transmission, and four-wheel drive, the Toyota Tacoma is the closest competitor, at 18/23 mpg. The Chevrolet Colorado and GMC Canyon aren't too far behind that at 17/24 mpg. The Honda actually comes pretty close to the ratings of four-cylinder, rear-drive versions of its competitors, beating some on the highway. Honda will exclusively offer the 2017 Ridgeline with a 3.5-liter V6 and a six-speed automatic. The company doesn't yet have powertrain specs, but the same engine makes 280 horsepower and 262 pound-feet of torque in the Pilot, so expect similar figures for the pickup. An in-bed stereo system is among the truck's innovative features, which should make the Ridgeline a great vehicle for tailgating and outdoor parties, and now we at least know it won't use that much fuel getting there. Related Video: