Obama hails new goal with automakers
(NEWSER) - Announcing new fuel-efficiency standards, President Obama hailed his administration’s deal with automakers as “the single most important step we’ve ever taken as a nation to reduce our dependence on foreign oil.” With mileage standards almost doubling, Americans will save some $8,000 per vehicle on fuel, the president said. The new requirements call for an average of 54.5 mpg for cars, light trucks, and SUVs by 2025, the Detroit Free Press reports. CEOs of the Big Three and some Asian automaker executives joined Obama for the ceremony. More»
