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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.
Kia promotes design chief Schreyer
Fri, 28 Dec 2012Kia Motors Corp. has promoted design chief Peter Schreyer to president. He's the first non-Korean to attain the position at Kia.
Subaru XV production car at 2011 Frankfurt show
Wed, 10 Aug 2011Subaru will show its new Qashqai rival, the XV, at the 2011 Frankfurt motor show. Not that you would have guessed it from this frustrating teaser sketch issued today. Parent firm Fuji Heavy Industries confirmed the Subaru crossover will be shown on 13 September at the IAA German show - five months after the concept waded in at the 2011 Shanghai show.