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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.

McLaren F1 designer signs on with Florida start-up

A small Florida company with hopes of making green performance cars has landed a big name. Rivian Automotive said this week that it has signed on Peter Stevens--the designer of the McLaren F1--as its director of design. It hopes to bring its first car to market in 2013 and launch more in 2014.

LTU students design SRG Global-branded vehicle

Lawrence Technological University's (LTU) Daniel Kangas has received a Coach Builder Design Award after winning a semester-long design competition. The contest – sponsored by chrome-plated plastic parts manufacturer SRG Global – challenged LTU students to design a SRG Global-branded vehicle that incorporated the company's products, as well as future technologies and trends. Kangas' design will be developed into SRG Global's virtual car to be used on the company's website and mobile apps to showcase its products and finishes.