The following is a statement from Ford President and CEO Alan Mulally regarding President Barack Obama's announcement of one national standard for fuel economy.

“We are pleased President Obama is taking decisive and positive action as we work together toward one national standard for vehicle fuel economy and greenhouse gas emissions that will benefit the environment and the economy.  Today’s announcement signals the achievement of a crucial milestone – an agreement in principle on a national program for increased fuel economy and reduced greenhouse gases.

This national program will allow us to move forward toward final regulations that all stakeholders can support.  We salute the cooperative efforts of the Obama Administration, the state of California, environmental groups and others that played a constructive role in this process.

The framework of the national program will give us greater clarity, certainty and flexibility to achieve the nation’s goals.  We will continue to work with the federal agencies to finalize the standards that we are committed to meeting.”  

Courtesy: Ford Motor Company

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Posted by Naresh Koshti on 20 May, 2009 12:48:26 PM IST #