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UPDATED Aston Martin shuts historic factory

By Tim Pollard Motor Industry 19 July 2007 05:34 The last Vanquish rolled off the line at Aston Martin's historic Newport Pagnell factory today. Much of the historic site will be sold and turned into offices and homes. It brings to an end a long and distinguished history of car and carriage making at Newport Pagnell - stretching all the way back to the 1820s.

Volkswagen considers bringing an electric vehicle to the United States

A larger version of the tiny Volkswagen E-Up! electric-vehicle concept, unveiled here at the Frankfurt auto show, likely will be sold in the United States. "The reason we are working on an electric vehicle is the American market," said Ulrich Hackenberg, board member in charge of product development at Volkswagen AG.

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.