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Peugeot iOn Electric at Frankfurt

Peugeot are bringing the iON EV to Frankfurt Latest to join the electric car party is Peugeot, who have announced they will be showing the Peugeot iOn, which is to all intents and purposes a re-badged Mitsubishi i-MiEV. No question that this – like all these little electric cars – is a city car only. It ‘boasts’ a range of just 80 miles on a full charge, but that’s enough if you’re only using it in town.

General Motors CEO Rick Wagoner out, replaced by COO Fritz Henderson

General Motors chairman and CEO Rick Wagoner has agreed to "step aside" after pressure from the Obama administration last week, ending his eight-year tenure at the helm as the company seeks additional federal aid. He's been replaced by GM President and COO Fritz Henderson, effective immediately. GM confirmed the moves shortly after midnight Monday.

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.