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Leonardo DiCaprio launches Formula E racing team

Formula E Star of the silver screen Leonardo DiCaprio has launched his own racing team. Called Venturi Automobiles, the new motorsport outfit will campaign a single-seater racing car in the first season of the Formula E all-electric championship next year. On Bing: see pictures of Leonardo DiCaprioOn Bing: see pictures of Formula EWhat is Formula E?

DSA and VOSA to be merged and rebranded

TWO MAJOR governmental organisations particularly familiar to motorists are to be merged and rebranded under plans to save money. In an attempt to boost service and cut costs, the Driving Standards Agency (DSA) and Vehicle and Operator Services Agency (VOSA) are being turned into a single, new organisation. Transport Minister Robert Goodwill has confirmed the new, streamlined agency will be called the Driver and Vehicle Standards Agency Mr Goodwill said that during a transition period to April 1 next year, references to the new DVSA would include a statement "incorporating DSA and VOSA".

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.