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Jan 8, 2009

Mileage Standards * USA - Bush Postpones to Decide on Industry Woes

The Bush administration is delaying rules requiring cars and light trucks to be more fuel-efficient...

Washington,DC,USA -Bloomberg, by Angela Greiling Keane -Jan. 7, 2009: -- ... saying the industry needs more time because of its financial struggles... The decision, announced today by the Transportation Department, postpones action on a 2007 agreement by Congress and President George W. Bush to raise Corporate Average Fuel Economy for the first time in three decades. That leaves it up to President-elect Barack Obama’s administration to set standards for 2011 models before a March 31 deadline...

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