UPDATE-1 Bush, automakers promote alternative fuel vehicles

Newswire

(Adds comments from automakers, Bush; background) WASHINGTON, March 26 (Reuters) - President George W. Bush wants market-based solutions for boosting alternative fuel use in the U.S. automobile industry, not new regulation, Detroit-based automakers said on Monday. The executives from General Motors Corp. , Ford Motor Co. and Chrysler Group said after meeting with Bush at the White House that he agreed with their plans to significantly increase production of alternative fuel vehicles. ...

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