U.S. Energy Secretary Steven Chu said Thursday automakers are capable of going beyond the 34.1 miles per gallon fleetwide fuel efficiency standards proposed by the Obama administration for the 2016 model year.
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U.S. Energy Secretary Steven Chu will travel Tuesday to Dearborn to announce the agency has approved Ford Motor Co.’s request for billions in federal loans to help fund the development of new, fuel-saving vehicles and technologies, according to several people with direct knowledge of the situation.
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