Obama, auto executives announcing plan to reduce emissions to improve environment

Ken Thomas and Philip Elliott, Associated Press Writers
On Tuesday May 19, 2009, 9:59 am EDT

WASHINGTON (AP) — President Barack Obama’s new fuel and emission standards for cars and trucks will save billions of barrels of oil but are expected to cost consumers an extra $1,300 per vehicle by the time the plan is complete in 2016.

Obama on Tuesday planned to announce the first-ever national emissions limits for vehicles, as well as require an overall or industry average fuel efficiency standard at 35.5 miles per gallon.

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