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