U.S. automakers intend to fight the Obama administration's proposal to boost fuel economy in new vehicles to 62 miles per gallon by 2025, according to a Dow Jones story.
In October, the EPA and the DOT announced they are considering increasing fuel efficiency requirements 3% to 6% annually from 2017 to 2025. The high end of the range would lead to 62 mpg efficiency.
However, with Republicans taking control of the House and revenues picking up, the industry is prepared to bite the hand that fed it less than two years ago when executives from Chrysler, GM and Ford (NYSE: F) pleaded with Congress for a financial bailout.
The industry is returning to a more confrontational stance with the federal government, according to Dow Jones.
Read the full story at the link below.
