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Last summer of speed?

If you want to enjoy driving on the unlimited-speed German autobahn, you might want to get in gear. If the opposition Social Democratic Party wins in this September's elections, party leader Sigmar Gabriel promises to form a coalition with the Green Party -- and both say they'll limit autobahn speeds to 120 kmh (about 75 mph), the German publication Bild is reporting. Not so fast, says the SDP's actual candidate for German chancellor, Peer Steinbrueck, who said he saw “no reason” to reignite the long-running debate over autobahn speeds, Bild reported.

U.S. seeks 5 percent annual fuel-economy gains through 2016

The Obama administration today proposed gasoline mileage and greenhouse-gas pollution standards for new vehicles for model years 2012 to 2015, filling in the blanks for manufacturers en route to a 35.5 mpg national target in 2016. The Transportation Department and EPA proposal calls for fuel economy to increase by about 5 percent each year, starting from an average of 27.3 mpg for the 2011 model year, the agencies said in a statement. The average car buyer would save more than $3,000 in fuel costs over the life of a vehicle, the statement said.

2010 Lotus Exige S 240 confirms specs and pricing

The latest speed demon from Lotus, the 2010 Exige S 240, will start at $65,690 when it goes on sale in the United States in this fall. The S240 gets a restyled front end with a larger, more angular air intake flanked by two other vents. There also is a new splitter that wraps around the face of the car.