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White House pushes automakers toward 54.5-mpg target by 2025

The White House is pushing automakers to agree by Wednesday to a corporate average fuel economy target of 54.5 mpg by 2025--a figure 1.7 mpg less than the 56.2 mpg standard it floated earlier this month. The easing of the White House plan stems from a concession to makers of light trucks and SUVs, and particularly larger vehicles in that segment, such as Ford's F-150, sources said. The latest White House proposal, the most definitive of any it has put forth, calls for a 5 percent annual mileage increase for cars from 2017-2025, said industry and congressional officials who asked not to be named because their discussions with the White House are confidential.

GM and Chrysler in merger talks

By Ben Oliver Motor Industry 13 October 2008 09:12 General Motors and Chrysler are in talks to merge and create the world’s biggest car company. Reports in the New York Times and Wall Street Journal say the talks have been underway since the start of October 2008, and sources close to the possible deal put its chances of success at ’50-50’. All three US car makers have seen their sales decimated in recent months and have been forced to deny that they might seek bankruptcy protection.

Mitsubishi returns to Pikes Peak with all-new MiEV Evolution III

Mitsubishi is back again with an all-new version of its electric hill-climbing machine, the MiEV Evolution III. A pair of the fully electric race cars will compete in the 92nd running of the Pikes Peak International Hill Climb on June 29, held just outside of Colorado Springs, Colo. Replacing the MiEV Evolution II that came in second in the EV division in last year's, “Race to the Clouds,” the MiEV Evolution III comes with a full force of upgrades that look to bump it to first place.