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New CAFE proposal would add $5,000 to sticker price, dealer group says

An 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.

Aston Martin-Mercedes tie-up: secret plans revealed by CAR

By Tim Pollard Motor Industry 06 August 2008 11:20 Aston Martin and Mercedes are plotting a wide-ranging tie-up that could see the two famous brands collaborate on engines, hybrids, transmission and even entire platforms, CAR can reveal. The top-secret partnership between Aston and Merc – dubbed Project Alligator by the Germans – is detailed in our exclusive story in the new September 2008 issue of CAR Magazine. The scoop includes the lowdown on: • How Mercedes engines could power future Aston Martins • AMG's 6.2-litre V8 tipped for Vantage models• Diesels and hybrids from Germany planned for Aston• Whole platforms to be shared by top-end models• Eight-speed Merc auto bound for British sports cars• Why Maybach and Aston could co-operate on future modelsWe speak to the engineers and insiders who are working on Project Alligator and spill the beans on the secret project that will reshape future generations of Aston Martins.

De Tomaso sold by Rossignolo

De Tomaso sold to unknown investors De Tomaso – the ill-fated Italian supercar maker – has been sold by Gian Mario Rossignolo after a financially fraught revival attempt. De Tomaso seems fated to lurch from one financial crisis to another – as it has throughout its history – with the latest efforts by former Fiat executive Gian Mario Rossignolo to revive the marque floundering for investment. And it looks like Rossignolo has given up the fight and sold out to unnamed investors.