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CAFE standards set to rise to 54.5 mpg for 2025

President Barack Obama on Friday revealed ambitious plans to raise the corporate average fuel economy standard for cars and light trucks to 54.5 mpg by the 2025 model year, a landmark move that will dramatically remake carmakers' product portfolios and consumers' buying habits. Unlike the first CAFE standards passed by Congress in 1975, the Detroit automakers now publicly support the high requirements and have begun retooling their fleets to adapt the changes. “[This] represents the single most important step we've ever taken as a nation to reduce our dependence on foreign oil,” Obama said in a morning press conference.

Nissan Hi-Cross Concept at 2012 Geneva motor show

Nissan made constant reference to being ‘owners’ of the crossover concept during their Geneva press conference. From the Murano to the Juke, via the Qashqai, rugged urban transport has been one of its big success stories (alright, maybe not the Murano). The seven-seater Hi-Cross Concept, premiered here, showcases some of the styling ideas that Nissan could filter through to future production models and also features a hybrid drivetrain and new version of its CVT gearbox.

General Motors will wind down the Hummer brand after sale collapses

General Motors will wind down its Hummer brand after a proposed sale to China's Sichuan Tengzhong Heavy Industrial Machines Co. Ltd. fell through.