The Obama administration has been working on cracking down on fuel efficiency standards for some time now, but they have finally released the tab the automotive industry will have to pay to meet the 54.5 mpg standard by 2025. The regulation, one of the biggest in U.S. history, will run $157.3 billion, in addition to [...]
Earlier in the year, much of the news hitting everyone’s desk in the auto industry has been related to the Obama administration’s CAFE fuel efficiency mandate for 2025. Word is that the administration is now delaying the 2025 CAFE mandate of 54.5 mpg. However, not much detail has been released. “Given the historic nature of [...]
President Obama has just come around to making a historic agreement in which thirteen major automakers have agreed to meet a 54.6 mpg Corporate Average Fuel Economy goal by 2025. This decision was made after a couple weeks of long talks to see if automakers can achieve the new CAFE requirements without too much financial [...]
In case this news has somehow evaded you, Obama is asking automakers for some major leaps in fuel economy standards. The White House proposals are now aiming to require a 54.5 mpg standard average fuel economy. In contrast to previous reports, it seems that while some details are still being worked on, most automakers that [...]
Several senior auto executives met up with the White House on Friday in order to talk about the latest fuel economy standards. The proposed fleetwide target average of 56.2 mpg by 2012, according to analysts, are proving to be very difficult both financially and technology, especially since cars have continued to get bigger and heavier. [...]
In efforts to come to a reasonable agreement on the 56.2-mpg by 2025 proposal, the White House is starting to bend a bit. To offer some flexibility to the automakers, the White House is willing to give them more time to make the improvements on crossovers and pickups. This change to the proposal directly addresses [...]
American travel has been declining for the past two months as a result of high gas prices. Although in April Americans drove 250.5 billion miles, travel was still down 2.4 percent. As for the upcoming holiday weekend, AAA is predicting a decline in travel by 2.5 percent as well. AAA director for the company’s Travel [...]
The U.S. Department of Energy said on Tuesday that U.S. gasoline prices fell to their lowest level in seven weeks and diesel fell just below $4 a gallon for the first time in two months. The national price for regular unleaded gas fell 5.5 cents over the last week to $3.79 a gallon, the agency [...]
FoMoCo’s CEO Alan Mulally recently headed out to Capitol Hill to meet with legislators and other government officials of the Obama Administration. During his visit, Mullay told Capitol Hill legislators that multiple U.S. standards put a burden on automakers and consumers. “We’re not talking about specific numbers,” Mulally told reporters at the Capitol after meeting with [...]
The EPA and the National Highway Traffic Safety Administration have unveiled new fuel economy and environment labels that will appear on new vehicles starting with 2013 models. Automakers may also voluntarily adopt the new labels earlier for model year 2012 vehicles, the government said. The new labels include rating for electric-vehicles and plug-in hybrids but [...]
