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Next BMW 7-series previewed in Vision Future Luxury concept

BMW has previewed key exterior styling elements, contemporary interior design touches, lightweight carbon fiber construction and innovative lighting systems to be incorporated on next year's sixth-generation 7-series with the unveiling of an arresting new concept car that goes under the name Vision Future Luxury. Revealed at the Beijing auto show, the big new sedan is described as a showcase for future BMW models. But while initial speculation suggested the Vision Future Luxury pointed at a possible 9-series flagship model to be installed at the top of the German car maker's lineup, BMW officials have confirmed the new concept was created more specifically as a pointer to the next 7-series, which is planned to head into North American showrooms late next year.

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.

Reviving the rotary: Two roads to redemption for Mazda's Wankel engine

Mazda is killing production of its famed rotary engine when the last RX-8 sports car rolls out of the plant next summer. But the company eyes two roads to resurrection. The first is using an improved engine as the main power plant.