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New fuel efficiency standards * USA - To cost auto industry $1.5 billion
Washington,DC,USA -The Detroit News, by David Shepardson -March 27, 2009: -- The Transportation Department unveiled its 2011 model year fuel efficiency requirements today, saying the 27.3 mpg fleet-wide average would cost automakers nearly $1.5 billion to meet... The Obama administration, set the 2011 model year passenger car fuel efficiency standard at 30.2 mpg and the light truck standard at 24.1 mpg... The National Highway Traffic Safety Administration said consumers will face price increases as a result: $64 on average for passenger cars and $126 for light trucks... Buyers of pickups, SUVs and minivans will be repaid in additional fuel savings in an average of 7.7 years. For passenger car buyers, they will be paid back in an average of 4.4 years...
Labels: fuel efficiency
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