PORTLAND, Ore. ( TheStreet) -- The age of the 40-miles-per-gallon vehicle is upon us, and automakers are starting to hit that mark with much greater frequency as the national emissions deadline approaches.Under a fuel economy standard passed by President Barack Obama in 2009, all new cars manufactured for use in the U.S. will have to average 42 miles per gallon or better by 2016 to be sold here. The price for missing that mark is $5 for every 0.1 mile over the bar for each vehicle produced. That's a tough number to meet, even with the restrictions relaxed to just 26 miles per gallon for trucks, but auto manufacturers around the world seem up for it.
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