REPORT: Obama to announce new CAFE standards tomorrow, require 34 mpg standard
The administration set a self-imposed deadline of June 30 to grant California's request to impose the state's standard to the federal CAFE regulations, and according to the NYT, the auto industry isn't expected to challenge the new rules as they finally set both a definitive time table and a national standard. Politico is reporting that the Obama Administration sat down with several states and a number of domestic and foreign automakers to discuss the standard, including Chrysler, Ford, General Motors, BMW and others. California Governor Arnold Schwarzenegger is expected to attend the announcement on Tuesday, at which point all the hard details will be released. Thanks to win39 for the tip!
[Sources: NYT, Politico | Image Source: Alex Wong/Getty]
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