Toyota Motor Corp. rose to the highest in nine months in Tokyo trading after a U.S. government report found no link between electronics in the company’s vehicles and sudden acceleration incidents and the carmaker raised its profit outlook.
Carmakers may be required to almost double the fuel economy of their vehicles in the U.S. to 62 miles per gallon by 2025 under a proposal being weighed by the Obama administration, according to environmentalists.
The Obama administration may recommend that automakers increase the fuel economy of their vehicles to as much as 62 miles per gallon, almost double the current goals, by 2025, two environmentalists said.
Anger mounted among passengers stranded on airport tarmacs and in terminals as flight delays threatened to stretch into the weekend following the worst December snowstorm to hit New York City in six decades.
U.S. Transportation Secretary Ray LaHood says he believes motorists are distracted by any use of mobile phones while driving, including hands-free calls, as his department begins research that may lead him to push for a ban.