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Investing.com -- The CEOs of General Motors, Ford, and Stellantis, along with a senior Tesla executive, have been invited to testify at a Senate hearing on January 14 focused on auto regulations and vehicle prices.
General Motors CEO Mary Barra, Ford CEO Jim Farley, Stellantis CEO Antonio Filosa, and Tesla Vice President of Vehicle Engineering Lars Moravy are expected to appear before the Senate Commerce Committee, which will review the impact of vehicle emissions and electric vehicle regulations on auto prices.
Senate Commerce Committee chair Ted Cruz explained the purpose of the hearing in a statement, saying, "This hearing will examine how government interference continues to make vehicles expensive and out of reach for American customers and how we can restore competition and choice."
Cruz noted that the average price of a car has more than doubled over the past decade.
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