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Bush leaves CAFE decision for Obama

The Bush administration has decided to punt its promised decision on new fuel economy standards to the Obama administration. In a statement this morning, the U.S. Department of Transportation said it will not issue final rules for fuel economy standards for the 2011-15 model years as planned.

Europe’s economic problems sees UK become biggest Ferrari market in Europe

The Ferrari F12 (pictured) helped Ferrari to strong profits in the first half of 2013 The economic crisis in the Eurozone has seen Ferrari’s sales in countries like Italy and Spain plummet, and Greece managed just one sale in 2012 (and even that came to the UK). But Ferrari have a plan to keep profitability by limiting supply and achieving stronger revenues for the sale they do make – with stuff like Ferrari’s bespoke Atelier and Tailor Made services and Classiche work adding more revenue – to keep them powering forward, and it seems to be working despite poor sales in many European countries. In fact, despite an increase of just 2.8 per cent in volume, Ferrari has managed to increase their profits in the first six months of 2013 by an impressive 20 per cent, with total sales of 3,767 and net profits of €1.22 million.

Subaru adds Limited trim to the Impreza for 2012, holds base-model price

Subaru is keeping base-model prices the same for the 2012 Impreza, starting at $18,245 with destination, and is adding a Limited model to the lineup. The Impreza 2.0i Limited model starts at $22,345 for the four-door version and $22,845 for the five-door. The base-model four-door Impreza 2.0i still comes standard with five-speed manual transmission.