Report
David Whiston, CFA, CPA, CFE
EUR 101.80 For Business Accounts Only

The EPA May Start a Fierce Court Battle With California Over Emission Rules

 

The U.S. Environmental Protection Agency is expected to announce on April 3 that it is rescinding the Obama-era emission rules for 2022-25 model years, according to news reports. These rules, which translated into a 2025 model year fleetwide fuel economy target of 50.8 mpg, were finalized in January 2017 before President Donald Trump took office. A new rulemaking process will take over a year, and we see a brutal states’ rights battle looming in the courts. There are two federal rulemaking bo...
Underlying
ASBURY AUTOMOTIVE GROUP INC

Asbury Automotive Group is a holding company. Through its subsidiaries, the company is an automotive retailer. The company's stores provide automotive products and services, including new and used vehicles; parts and service, including vehicle repair and maintenance services, replacement parts and collision repair services; and finance and insurance products, including arranging vehicle financing through third parties and aftermarket products, such as extended service contracts, guaranteed asset protection debt cancellation, prepaid maintenance, and credit life and disability insurance. The company's new vehicle franchise retail network is made up of dealerships operating under locally-branded dealership groups.

Provider
Morningstar
Morningstar

Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors.

Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.

We have operations in 27 countries.

Analysts
David Whiston, CFA, CPA, CFE

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