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Nov 29, 2007

Fuel economy * USA ... Deal is near !!!

Congress today may OK bill to make fleetwide average 35 mpg by 2020

Washington,DC,USA -The Detroit News (Detroit,MI), by David Shepardson -November 29, 2007: -- House and Senate negotiators had all but reached agreement late Wednesday on a compromise deal to hike fuel economy requirements to a fleetwide average of 35 miles per gallon by 2020... A final deal may be announced as early as today that would raise passenger car fuel efficiency standards for the first time since 1983 and hike overall efficiency by 40 percent over the current 25 mpg average... House and Senate negotiators have been trying to hammer out a compromise they hope can be supported by both houses of Congress, the White House and automakers... They include keeping separate fuel economy standards for cars and trucks and extending the credit automakers get for making flex-fuel vehicles that can run on gasoline or E85 ethanol. The credit had become a key sticking point in the negotiations... A lobbyist for one of Detroit's automakers said the deal is not perfect but will allow the companies to remain competitive...

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