GM's Rick Wagoner, Ford's Alan Mulally and Chrysler's Tom LaSorda are meeting with congressional leaders yesterday and today with a concerted message: the 35 mpg target in the new CAFE legislation isn't cost effective or technologically achievable.
Instead, the government should invest in bio-fuels and advanced batteries. Spokespeople from Toyota joined the chorus, saying that the drastic increase could be costly to consumers and will force automakers to build cars Americans are unwilling to buy. Critics have pointed out that Toyota and Honda have increased their market share in the U.S. while achieving higher mileage standards.
Source: Wall Street Journal
