President Obama Announces Next Phase In One National Program For Fuel Economy Standards

Today, President Obama announced the next phase in One National Program for fuel economy standards that will help significantly improve fuel efficiency and reduce greenhouse gas emissions while protecting jobs and the economy.

Ford President and CEO Alan Mulally, along with other industry and government leaders, joined President Obama in Washington today for this announcement on a framework for standards for 2017 through 2025.  Although more work remains, this important step allows us to move toward a formal proposed regulation this fall and a final rule by July 2012 that all stakeholders can support.   And continuing with One National Program, rather than a patchwork of state-by-state regulations, gives Ford and other automakers the regulatory certainty we need in the decade ahead.

While meeting these tough new regulations will require significant financial resources and continued technological advancements, Ford is fully committed to not only meeting the national standard but also delivering on our commitment to continuously improve the fuel efficiency of all of our cars and trucks.

Just yesterday, we announced that the completely reinvented Ford Explorer powered by EcoBoost delivers a class-leading EPA rating of 28 mpg on the highway, besting Honda Pilot by more than 20 percent and Toyota Highlander by 12 percent.   We're delivering great fuel economy across our line up with 14 vehicles now offering best-in-class fuel efficiency.  And this agreement ensures that we keep the "work" in work trucks, and that is especially important for the economy and our customers.  It will ensure hard-working Americans have access to the vehicles they need to get the job done.   We contribute to this by offering an F-150 with EcoBoost that provides best-in-class towing capability of 11,300 lbs combined with up to 20 percent improvement on fuel economy.  Already, more than 40 percent of F-150s sold are equipped with EcoBoost engines.

And, of course, Ford's global electrification strategy will deliver a suite of five new electrified vehicles in North America and Europe by 2013 and builds on the company's overall vision of offering the widest possible range of fuel-efficient, low-emission technological solutions.

Significantly improving fuel economy and reducing greenhouse gas emissions are core to Ford’s mission to deliver great products, a strong business and a better world.

Thanks for you continued commitment to Ford.