Ford, GM Sign On As White House Unveils 54.5mpg Standard
The Detroit News reports that the two auto giants are the first to sign memorandums of understanding on the 2017-2015 fuel efficiency standards, and that other carmakers are preparing to sign MOUs by the end of the day.
The federal government is preparing MOUs that reflect a last-minute change to the agreement, the newspaper said, after talks with automakers and the state of California went on until 1 a.m. this morning.
Hyundai U.S. chief John Krafcik told the paper the deal would “right-size the fleet. There are going to be fewer vehicles over there bought for the occasional need to carry nine people or seven people.”
Energy Manager News
- Efficiency Project Complete in Meriden, CT
- BuildingIQ Makes 2 Moves
- Constellation Acquiring Retail Electricity, Natural Gas Businesses from ConEdison Solutions
- Peninsula Clean Energy Authority Chooses Direct Energy as Supplier
- Energy Efficiency is Growing on Farms
- DC Pushes Renewables
- Stockton Tabs Ygrene for PACE Financing
- ERC Price Benchmark Trends Week Ending: July 22, 2016