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White House pushes for Friday deal on fuel-economy regulations

The White House wants to announce as early as Friday that it has reached agreement with most automakers on a plan to raise corporate average fuel economy targets to 54.5 mpg by 2025, manufacturers' representatives said Wednesday. While no automakers have signed on to the Obama administration plan yet, most--including Ford, Toyota, General Motors and Chrysler--are generally supportive and intend to do so, the industry officials said. Each manufacturer is trying to iron out technical issues with the White House before endorsing the proposal.

MG exploring sports car concepts, eyeing US return

MG Motor, now part of China's SAIC along with Rover Group successor Roewe, is considering a sports car in addition to long-term plans for a return to the U.S. market, according to Edmunds. The company is in the early stages of exploratory work on a sports car following the opening of a new design studio in Shanghai, a sports car that is expected to mirror the classic MGB mold, if it is determined that today's MG could in fact field a worthy competitor to the Miata.

Aston Martin Virage dropped – to be replaced by new DB9

Less than eighteen months since it debuted – and after just over 1,000 cars – Aston Martin is dropping the Virage. The Aston Martin Virage always seemed a bit of a stretch too far for Aston Martin, and so it has proved. After a lifespan of no more than eighteen months – and with just over 1000 cars built – Aston Martin has decided that there are just too few buyers who feel the Virage is enough of a step up from the DB9 to warrant the extra cost.