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Auto Industry Warming to Emissions Limits
In a House Energy and Commerce subcommittee hearing last week, executives from Toyota Motor North America, General Motors, DaimlerChrysler and Ford agreed to a mandatory carbon cap on tailpipe emissions and discussed other concessions. The tone was a striking change for the industry, which is struggling with foreign competition, layoffs and environmental issues. Automakers are scrambling to beef up their Democratic ties in-house and hire new outside counsel to reckon with Congress' ambitious green agenda.