Obama unveils sharp increase in auto fuel economy | Reuters
(Reuters) - Several major automakers on Friday embraced the Obama administration's proposal to push the industry further away from once-dominant gas guzzlers to more lean and efficient vehicles.
The proposal, which is the result of months of negotiations between the Obama administration and automakers, would require automakers to reach an average fuel efficiency across their fleets of 54.5 miles per gallon by 2025.
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