Marine Spark Arrestor 4 Barrel on 2040-parts.com

Jaguar gets a helping hand

It has been reported this morning that Gordon Brown and Alistair Darling have agreed to dip in to tax payers funds to help Tata, the owners of Jaguar and Land Rover. Along with most other car makers in the world, Jaguar and Land Rover has been hit hard by the current economic blight. But it seems that Tata has been hit by more grief than most.

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.

Fiat, Magna, investment firm are three finalists to buy Opel

Italian automaker Fiat, Canadian parts maker Magna International and Belgian investment firm RHJ International look to be the final three bidders for General Motors' Opel subsidiary. Fiat has confirmed that it put in a bid for Opel. Final bids for Opel were due Wednesday evening.