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New CAFE proposal would add $5,000 to sticker price, dealer group says
Wed, 18 Jan 2012An Obama administration proposal to nearly double today's fuel economy standards could end up tacking on $5,000 to the sticker price of a new vehicle, a top official with the National Automobile Dealers Association said Tuesday. The proposal, which seeks to raise the corporate average fuel economy to 54.5 mpg by the 2025 model year, would force automakers to adopt costly fuel-saving technologies that could eventually price some buyers out of the new-car market, said Don Chalmers, chairman of NADA's government relations committee. NADA, a dealer trade association, represents 16,000 new-vehicle dealers who operate 32,500 franchises.
GM to invest $2 billion in 17 plants
Tue, 10 May 2011General Motors said Tuesday that it will invest about $2 billion in 17 plants across eight states in the United States. "We are doing this because we are confident about demand for our vehicles and the economy," GM CEO Dan Akerson said in a statement. Akerson made the announcement at GM's transmission plant in Toledo, along with Ohio Gov.
Mazda 6 (2007): first official pictures
Tue, 07 Aug 2007By Ben Whitworth First Official Pictures 07 August 2007 09:11 This looks pretty cool. Mazda's designers are certainly pushing out the boat... You're not wrong.