Article From The Detroit News
New fuel rules to cost autos $1.5B
Higher mileage standards for ailing automakers will increase new vehicle price tags $64 to $126.
David Shepardson / The Detroit News
WASHINGTON -- Stricter fuel economy standards outlined Friday by the federal government for the 2011 model year will cost struggling auto companies nearly $1.5 billion and boost the cost of passenger vehicles an average of $64 for cars and $126 for light trucks.
The National Highway Traffic Safety Administration said the additional vehicle cost will be recouped by buyers of pickups, SUVs and minivans, through fuel savings, in an average of 7.7 years. Passenger car buyers will recover that cost in an average of 4.4 years.
"These standards are important steps in the nation's quest to achieve energy independence and bring more fuel efficient vehicles to American families," said Transportation Secretary Ray LaHood.
The Corporate Average Fuel Economy rules set by the Obama administration pegged the 2011 passenger car standard at 30.2 miles per gallon and the light truck standard at 24.1 mpg.
Overall vehicle efficiency climbs to 27.3 mpg in the 2011 model year, up 8 percent over the 2010 model year.....More
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