Thursday, June 21, 2007

Senate approves new auto fuel standards

(Reuters) - In a surprise voice vote, senators approved a compromise amendment that would require an improvement in the average efficiency of the new U.S. vehicle fleet from 25 miles per gallon now to 35 mpg by 2020, about a 4 percent annual increase.




"If we're really smart, we'll find a way to make this new approach to fuel efficiency work -- to make it work for domestic auto companies, their shareholders, their employees and our nation to reduce our dependence on foreign oil," said Sen. Thomas Carper, a Delaware Democrat and co-sponsor of the compromise plan.


Read more at Reuters.com Government Filings News

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