Obama unveils sharp increase in auto fuel economy

Newswire

WASHINGTON, July 29 (Reuters) - U.S. President Barack Obama on Friday formally unveiled standards that would dramatically increase fuel economy for cars and trucks by 2025. The plan "represents the single most important step we've ever taken as a nation to reduce our dependence on oil", Obama said at an event to announce the new rules. (Reporting by Ayesha Rascoe; Editing by Dale Hudson)

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