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2014 Cadillac XTS adds new twin-turbo V6

Cadillac is adding a new 420-hp, twin-turbo 3.6-liter V6 as an option for its XTS sedan for 2014. General Motors unveiled the engine back in March, confirming that it will be an option on the new-for-2014 Cadillac CTS, and recent Cadillac press materials confirm that the engine option will be expanded to the XTS. The all-aluminum engine makes use of direct-injection technology and is the highest-output V6 in GM history.

Final Bugatti Veyron 16.4 spoken for

If you've always wanted a new Bugatti, you'll have to settle for the Grand Sport: All 300 cars in the Bugatti Veyron 16.4 model run have found homes, the last one having been ordered by a European customer who will take delivery next autumn. The Veyron came to life in concept form at the Tokyo motor show a year after the Volkswagen Group bought the rights to the Bugatti name in 1998. The Veyron was the first production car to have a full carbon-fiber monocoque, and its 8.0-liter W16 engine produced 1,001 hp and 922 lb-ft of torque, mated to a seven-speed twin-clutch gearbox.

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.