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US to make profit from bailouts, Treasury says

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US to make profit from bailouts, Treasury says

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The US will make a profit from bailing out the nation's banks and carmakers at the height of the financial crisis, the Treasury Department has said. The bank bailouts may result in a return of $2bn (£1.3bn), the T...

Fuel efficiency: US and car makers agree to new standard

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Fuel efficiency: US and car makers agree to new standard

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Major carmakers have agreed new fuel efficiency standards proposed by the Obama administration in an effort to end the dominance of gas guzzlers. They have agreed that by 2025, cars and light trucks sold in the ...