GM, Chrysler hail Obama auto emissions initiative

0 Comments | AFP, May, 2009

NEW YORK (AFP) — US government-supported auto giants General Motors and Chrysler have reacted positively to news President Barack Obama aims to improve vehicle fuel economy and lower greenhouse gas emissions with dramatic new standards.

"Energy security and climate change are national priorities that require federal leadership and the president's direction makes sense for the country and the industry," said new GM CEO Fritz Henderson on Monday.

He stressed that harmonizing the various regulatory standards on the auto industry "will benefit consumers across America."

Chrysler said it "welcomes the president's announcement of a framework for a single national approach for fuel economy and greenhouse gas standards."

The auto firm, which is currently undergoing...