Shares in European truck makers fell on Thursday after the U.S. Environmental Protection Agency (EPA) said it would start efforts to reverse the Biden administration's vehicle emissions rules. Analysts said trucking fleet firms had been expected to "pre-buy" trucks before the rules took effect,

The Trump administration is rolling back several major climate policies, including two rules that target planet-warming pollution from vehicles and power plants, in a major blow to America’s progress on climate action.

The American auto industry has been hamstrung by the crushing regulatory regime of the last administration," EPA Administrator Lee Zeldin said in a statement. "As we reconsider nearly one trillion dollars of regulatory costs,