Thursday, June 14, 2007

Fuel plan backed by carmakers offered in Senate

(Reuters) - The bipartisan alternative offered by Sen. Carl Levin, a Michigan Democrat, and Christopher Bond, a Missouri Republican, would require cars, sports utilities and pickups to get better mileage over time, but is weaker than the chief plan approved by the Commerce Committee in May.




Financially struggling carmakers, including General Motors Corp., Ford Motor Co., and Chrysler Group, have lobbied fiercely against the commerce measure, arguing that it would break their backs.


Read more at Reuters.com Bonds News

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