Financial Times FT.com

Obama unveils fuel efficiency alliance

By Tom Braithwaite in Washington and Bernard Simon in Toronto

Published: May 19 2009 18:45 | Last updated: May 19 2009 18:45

The Obama administration on Tuesday announced a grand bargain on fuel efficiency and emissions with the global car industry, drawing together an unlikely alliance of carmakers, trade unions and environmentalists.

After decades of discord over improving environmental standards, executives from companies including Toyota, Honda, BMW and Nissan joined President Barack Obama at the White House to support the scheme.

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