White House drafts fuel economy bill

The Bush administration has submitted a draft legislation that would allow regulators to raise fuel economy standards. The move follows a promise from President Bush to reduce fuel consumption by 20-percent in a decade. The Detroit Three meeting with President Bush may have paid off since the new draft legislation reflects Ford and GM's contention that fuel economy standards should be scaled to vehicle size instead of fleet-wide performance.

[Source: Automotive News - Sub. Req.]