Obama Issues Tougher Fuel Efficiency Rules for 2012 2016
The Obama administration sets new fuel efficiency standards for 2012 through 2016 model years. Targets vary by automaker, with cars and trucks aiming for 34.1 mpg combined by 2016 and a 8.75 ounce per mile CO2 tailpipe limit. EPA and DOT claim benefits include 1.8 billion barrels of oil saved and over 960 million metric tons CO2 avoided.
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Ray LaHood
Incentives Boost Auto Sales Amid Recall-Driven Battle
DETROIT reports show Toyota led a rally of major automakers with generous rebates and low interest financing. March sales surged for Toyota by about 40 percent while GM rose 21 percent Ford nearly 40 percent and Honda 23 percent, Hyundai and Subaru up, Chrysler down 8 percent.
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