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U.S. seeks 5 percent annual fuel-economy gains through 2016

The Obama administration today proposed gasoline mileage and greenhouse-gas pollution standards for new vehicles for model years 2012 to 2015, filling in the blanks for manufacturers en route to a 35.5 mpg national target in 2016. The Transportation Department and EPA proposal calls for fuel economy to increase by about 5 percent each year, starting from an average of 27.3 mpg for the 2011 model year, the agencies said in a statement. The average car buyer would save more than $3,000 in fuel costs over the life of a vehicle, the statement said.

To sell the Stingray, Chevy plans to target Porsche

Corvette says there is a substitute for Porsche. And it's the all-new 2014 Corvette Stingray hitting showrooms this fall. General Motors' Chevrolet and ad agency Commonwealth, Detroit, are plotting an ambitious marketing strategy for one of the automaker's biggest launches of the year.

May 2009: UK new car sales and trends analysis

By Peter Adams Motor Industry 04 June 2009 12:00 The scrappage scheme was supposed to give the UK car market a massive boost, but latest figures out today show new car registrations are still down by more than a quarter. The Society of Motor Manufacturers and Traders (SMMT) reports that new car registrations fell 24.8% in May 2009 to 134,858 units. However, this fall marks an improvement on earlier months of the year.