Topic: Roland Hwang
President Obama on Friday unveiled fuel-efficiency standards of 54.5 miles per gallon by 2025 – a significant step in dealing with emissions and oil consumption.
Automakers must improve their mileage every year, up to a fleet-wide average of 54.5 mpg in 14 years. Green groups praise the new regulations, while opponents call them job-killers.
The $15 billion draft bailout comes with strict conditions and immense federal oversight.