Statement of Dave McCurdy, President & CEO, Alliance of Automobile Manufacturers, Regarding a New, Nationwide U.S. Fuel Economy Standard

Dec 01, 2007, 00:00 ET from Alliance of Automobile Manufacturers

    WASHINGTON, Dec. 1 /PRNewswire-USNewswire/ -- "The Alliance commends
 Congressional leaders for reaching agreement on an aggressive, nationwide
 fuel economy program. This agreement reflects much hard work and tough
 negotiating by many parties.
     "Importantly, this agreement establishes nationwide fuel economy
 requirements for the next 12 years and beyond. Upon adoption of this
 legislation, Congress will have established aggressive, nationwide fuel
 economy requirements, concluding a longstanding debate.
     "As we understand the agreement, these tough, national mileage
 standards merge provisions of both the Senate and House CAFE proposals. The
 agreement includes a number of necessary measures to help make the overall
 regulatory program more realistic and reasonable. Automakers are pleased
 that Congressional negotiators ultimately accepted the need for practical
 provisions like separate car and light truck standards and incentives for
 building more autos that run on non-petroleum-based fuels. The bill also
 provides mechanisms that help automakers balance the natural ups and downs
 of the product cycle.
     "This historic legislation would not have been possible without the
 efforts of auto workers, dealers, suppliers, user groups and industry
 allies in the business community -- whose leaders and members participated
 in this process. One in 10 jobs in the U.S. is dependent on the auto
 industry. Indeed, no other industry is linked so much U.S. manufacturing or
 generates more retail business and employment.
     "We believe this tough, national fuel economy bill will be good for
 both consumers and energy security. We support its passage."
     CONTACT: Charles Territo

SOURCE Alliance of Automobile Manufacturers