More likely, it will be a bill to raise fuel economy standards and biofuel production.

FORBES: Magazine Article

On the other hand, Mr McCain seems to reject Mr Obama's plan to raise fuel-economy standards for vehicles out of traditional Republican sympathy for big business.

ECONOMIST: Energy and the environment

In 2011, when the Obama Administration sought to raise average fuel economy standards for cars and trucks to 54.5 miles per gallon by 2025, it found unlikely allies in Detroit.

FORBES: Corporations Can't Ignore Climate Change

On Thursday evening, the Senate, by a vote of 86-8, passed an energy bill that will raise fuel-economy standards by 40% and dramatically boost production of ethanol and other biofuels.

FORBES: Magazine Article

And that's why, in the next five years, we're seeking to raise fuel-economy standards to an industry average of 35.5 miles per gallon in 2016, an increase of more than eight miles per gallon per vehicle.

WHITEHOUSE: President Obama: A New Consensus on Auto Emissions

The Senate's version of the bill would raise vehicle fuel-economy standards to an average of 35 miles per gallon by 2020 and increase production of ethanol and other biofuels by more than 600% by 2022 and criminalizes price-gouging by oil companies.

FORBES: Wait And See

Finally, a measure in the bill would require the administration to raise corporate average fuel economy (CAFE) standards from their current level of 25 miles per gallon (mpg) to 35 mpg by 2020.

FORBES: Magazine Article

The partnership announcement comes as automakers gear up to raise their fleet-wide fuel economy ratings to meet new government standards of 35.5 mpg for 2012 to 2016 model year vehicles and 54.5 mpg by the 2025 model year.

FORBES: Ford And Toyota's Hybrid Partnership