The Alliance of Automobile Manufacturers is resting easier following the defeat of a proposal to boost corporate average fuel economy (CAFE) standards by nearly 50%. Led by Sens. Carl Levin (D-MI) and Christopher Bond (R-MO), whose amendment calls for the National Highway Traffic Safety Admin. to set fuel economy standards, senators voted 62-38 in favor of the new strategy. Hailed throughout the industry, the Bond-Levin amendment effectively kills a bid to harmonize CAFE standards at 35 ...

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