Energy bill sails through House; auto on board [UPDATE]
Dec 06, 2007 | 12:59 PM
| Michael Cowden
A landmark energy bill approved by the House of Representatives Thursday would impose a strict new fuel efficiency standard, but many automakers appear grudgingly ready to accept the challenge.
The legislation, which passed 235 to 181, would boost the corporate average fuel economy (Cafe) standard for cars and light trucks to 35 miles per gallon by 2020, about a 40-percent increase over current standards 27.5 miles per gallon for cars and 22.2 miles per gallon for trucks.
The White House is opposed to such strict regulations, with President Bush threatening to veto the energy bill in its current form. It also is expected to face a filibuster in the Senate.
But reaction among the auto industry appeared less strident this week. Many automakers might not like the new standard, but they at least seem pleased at the possibility of having a national policy to guide their planning.....
To access AMM's full content, please log in below. If you do not have an AMM account, we invite you to take a free trial or subscribe below.
Already a registered amm.com user?
Access to amm.com editorial content is granted only to paid subscribers and trialists. If you do not have an active account in your own name, please either subscribe or take a trial and you will have instant access to amm.com content. Sharing your login credentials with individuals who are not subscribers represents a violation of AMM copyright.
Every morning, every minute no matter how often you follow the markets, there's an AMM subscription to fit your needs.
Not sure if you are ready to invest in a subscription right now? Take a free, no-obligation trial. Start your free trial today.