UPDATE 3-Obama to announce new fuel economy standards Friday

Newswire

* Sources says new fuel economy standard will be 54.5 mpg * Aim is to improve standards for 2017-2025 model years * Ford says still "ironing out" some details (Recasts, updates with company comment, adds background) By Ayesha Rascoe and Deepa Seetharaman WASHINGTON/DETROIT, July 27 (Reuters) - The Obama administration has reached a compromise with automakers on the target for significantly boosting fuel efficiency for cars and light-duty vehicles by 2025, ending months of ...

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