UPDATE 6-Obama to announce new fuel economy standards Friday

Newswire

* New fuel economy standard will be 54.5 mpg -source * Aim is to improve standards for 2017-2025 model years * Ford says still "ironing out" some details (Adds White House; sources on foreign automakers reluctance, background) By Ayesha Rascoe and Deepa Seetharaman WASHINGTON/DETROIT, July 27 (Reuters) - The Obama administration has reached a compromise with automakers on a new fuel economy target for cars and trucks, ending months of negotiations on this pivotal mandate for the ...

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