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CAFE standard set at 54.5 mpg by 2025

The final version of the new corporate average fuel economy (CAFE) standard was released today and, as expected, automakers will need to attain a fleet average of 54.5 mpg by 2025. The rules include electric and hybrid vehicles and—as of today—natural gas vehicles. The Environmental Protection Agency and the National Highway Traffic Safety Administration proposed the rules in November, after reaching an agreement with automakers last July.

Mitsubishi plans ‘Colt-successor' for the United States around 2012

Mitsubishi plans to bring a global small car to the United States sometime around 2012. It would be the successor to the Colt small car currently sold in Europe and Asia. The new car would be all-new, and the name has not been decided yet, a spokesman said, referring to it as the “Colt-successor.” “There's obviously a need for a very small car,” Mitsubishi spokesman Moe Durand said.

BMW set to debut diesel 7-series in the US

While Mercedes-Benz has let us Americans buy diesel versions of its flagship sedan from time to time, BMW has kept a number of versions of the 7-series from our shores, among which are 7-series sedans with diesel engines. Well, it looks like we'll finally be getting a diesel 7-series after all, with the arrival of the 740Ld later this spring. The 740Ld will be powered by a 3.0-liter inline-six diesel engine with a single turbocharger with variable vane turbine technology, making 255-hp and 413 lb-ft of torque, and will be coupled exclusively with BMW's xDrive all-wheel drive system.