Toyota Motor Corp. commended the Obama administration's preliminary proposal to increase fuel-economy standards to as high as 62 mpg for 2017-2025 vehicles. This is quite the opposite of the view of the auto industry's top trade group. At the Washington auto show, Jim Colon, vice president for product communications at Toyota, said that the U.S. administration is “engaged” and that its intention to formalize new fuel efficiency rules by the summer of 2012 is exciting.
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