Citi report finds meeting higher CAFE/GHG standards likely to bring higher profits for all automakers, nearly $2.5 billion in extra profits for Detroit Three
Green Car Congress
APRIL 5, 2012
According to the report, the new standards could largely be met by using existing technologies that improve the performance of cars powered by traditional internal combustion engines. The report notes that while diesel engines are used primarily in large pickups, some increase is occurring in other vehicle segments.
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