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Geely to buy bankrupt London Taxis

The Chinese press are reporting that Geely are to buy London Taxi maker Manganese Bronze, which went in to liquidation in October. Back in October we reported that Manganese Bronze – makers of the iconic London Taxi – had gone in to administration, finally tipped over the edge by  steering box failures in the TX4. After years of under-investment – and a product that has been usurped by both the Mercedes Vito Taxi and the new Nissan NV200 Taxi – it looked like Manganese Bronze had no way back.

Nissan creates Spec Z series with National Auto Sport Association

Nissan is partnering with the National Auto Sport Association to create a new spec road-racing series for the 2003-08 Nissan 350Z. The company says the series will focus on close competition, parity and cost containment. NASA Spec Z will offer a contingency prize program, while Nissan Motorsports will provide technical support.

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.