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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.

Jag GT3 racer hints at 500bhp XKR

By Phil McNamara First Official Pictures 06 November 2006 09:48 Jaguar XKR GT3: the lowdown This is the Jaguar XKR GT3, a 550bhp, race-fettled XK which will campaign in the 2007 FIA GT3 series. But the big news is that its uprated V8 engine is bound for a roadgoing XKR, to propel Jaguar up the power league and into the realm of Merc's 510bhp SL55 AMG and BMW's 500bhp M6. Apex Motorsport will design, develop and campaign the XKR GT3, shown here in an official artist's impression.

Russo and Steele offers one-of-a-kind 2013 SRT Viper for charity

Russo and Steele will feature a 2013 SRT Viper GTS at its January auction in Scottsdale, Ariz., with proceeds going to the Sons of Italy foundation (SIF). The auction house says the car was built specifically for the foundation. It will join some 700 sports and muscle cars at the auction, which spans Jan.