Toyota Said to Support U.S. Fuel-Economy Plan After Concerns

Toyota Motor Corp. plans to say this week it supports a proposal by President Barack Obama’s administration to boost U.S. mileage standards to 54.5 miles per gallon by 2025 after initially expressing concerns, according to people familiar with the carmaker’s position.

Toyota, based in Toyota City, Japan, and some European carmakers have argued that Ford Motor Co., General Motors Co. and Chrysler Group LLC are gaining an advantage because fuel-economy standards for light trucks will increase more slowly than for cars, said three people, who declined to be identified because the talks aren’t public. Obama is scheduled to make an announcement about the fuel standards on July 29.