Jul 30, 2011

Obama reaches mileage deal with auto makers - Win, Win

CAFE"And just as cars will go further on a gallon of gas, our economy will go further on a barrel of oil."

The new corporate average fuel economy standards will increase from 2017 at 5% annually for cars and 3.5% for light trucks through 2021, with an overall target of a fleetwide average of 54.5 miles per gallon by 2025. Current standards were set at 35mpg by 2016 in 2008, when the auto industry was in a compliant mood after a $50bn government bailout... read more at WSJ