Deal reached on boosting mileage

Source: Ken Thomas, Associated Press [USA Today]

The groundbreaking deal in Congress to raise miles-per-gallon standards will compel the auto industry to churn out more fuel-efficient vehicles on a faster timeline than the companies wanted, though with flexibility to get the job done.

The auto industry’s fleet of new cars, SUVs, pickups and vans will have to average 35 mpg by 2020, according to the agreement that congressional negotiators announced late Friday. That compares with the 2008 requirement of 27.5 mpg average for cars and 22.5 mpg for light trucks. It would be first increase ordered by Congress in three decades.

Read Full Article: Deal reached on boosting mileage

 
  Advanced Search

Support Consumer Action

MoneyWise Modules