President Barack Obama greets Volvo Cars of North America President and CEO Doug Speck, center, at the Washington Convention Center in Washington, Friday, July 29, 2011, where he announced a new fuel efficiency standards for cars and light trucks. American Honda Executive Vice President John Mendel is at left, EPA Administrator Lisa Jackson, is second from right, and Ford President and CEO Alan Mulally is at right. (AP Photo/Manuel Balce Ceneta)