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On July 29, 2011, President Barack Obama, joined by major automakers Ford, General Motors, Chrysler, BMW, Honda, Hyundai, JaguarLand Rover, Kia, Mazda, Mitsubishi, Nissan, Toyota and Volvo - which together account for over 90 percent of all vehicles sold in the United States - announced new fuel efficiency standards aimed at improving fuel efficiency to 54.5 miles per gallon by 2025
