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New CAFE proposal would add $5,000 to sticker price, dealer group says
Wed, 18 Jan 2012An Obama administration proposal to nearly double today's fuel economy standards could end up tacking on $5,000 to the sticker price of a new vehicle, a top official with the National Automobile Dealers Association said Tuesday. The proposal, which seeks to raise the corporate average fuel economy to 54.5 mpg by the 2025 model year, would force automakers to adopt costly fuel-saving technologies that could eventually price some buyers out of the new-car market, said Don Chalmers, chairman of NADA's government relations committee. NADA, a dealer trade association, represents 16,000 new-vehicle dealers who operate 32,500 franchises.
Citroen DS 6WR (2014) first official pictures
Tue, 15 Apr 2014By Damion Smy First Official Pictures 15 April 2014 07:00 The Citroen DS 6WR may have a clumsy name, but it’s the new premium SUV for the maker’s DS range and is crucial to the ‘Back in the Race’ plan announced by new PSA chairman, Carlos Tavares. While Peugeot is showing off the stunning Exalt concept, this is the first picture of the new Citroen SUV ahead of its launch at the Beijing motor show. Part of the plan sees a stepping-up ‘DS’ as a premium sub-brand for Citroen, and that’s why the 6WR takes styling cues from the Wild Rubis concept of 2013.
Tesla: Model S sales to begin in second quarter of 2012
Tue, 11 Jan 2011Tesla Motors plans to begin delivering the Model S electric sedan in the second quarter of 2012 and expects to produce about 20,000 units annually, the company said at the Detroit auto show on Monday. Tesla has booked more than 3,000 reservations for the Model S in North America and Europe. The car's expected base price is $49,000.