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For new CAFE rules, automakers place high-stakes tech bets

Game-changing 2015 fuel economy rules are forcing vehicle development teams to make high-stakes bets on expensive technologies--bets that will separate the winners from the also-rans. Not only do federal rules target a 2015 fleet average of 35.5 mpg, up from the current 27.5 mpg for cars and 23.1 mpg for light trucks; they force automakers to bet on different technology packages for each vehicle segment. Companies that do best at mixing technologies while keeping down costs will have an advantage when buyers wince at higher stickers.

Camouflaged Lincoln test mule spotted ahead of Woodward Dream Cruise

The best thing about Detroit—besides our stellar sports teams and sparkling reputation—is that the car industry lives here. In addition to the Detroit Three, nearly every maker has a presence in the Motor City. That means, among other things, test mules.

Geely's new Shanghai design studio at the center of four-studio operation

Geely Group's new central Shanghai Design Center is the global hub of its four-studio design operations. The facility on Guozhan Road, Pudong New District was formerly the site of the Central American Union Pavilion during the 2010 Shanghai EXPO and was chosen for its potential for growth despite its downtown location. The 3,800 square meter studio will be home to around 110 staff – both local and international – over the coming months, as part of the company's ongoing recruitment drive as it strives to be seen as one of the leading Chinese players.