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CAFE standards set to rise to 54.5 mpg for 2025

President Barack Obama on Friday revealed ambitious plans to raise the corporate average fuel economy standard for cars and light trucks to 54.5 mpg by the 2025 model year, a landmark move that will dramatically remake carmakers' product portfolios and consumers' buying habits. Unlike the first CAFE standards passed by Congress in 1975, the Detroit automakers now publicly support the high requirements and have begun retooling their fleets to adapt the changes. “[This] represents the single most important step we've ever taken as a nation to reduce our dependence on foreign oil,” Obama said in a morning press conference.

Chevrolet preps a new car for NASCAR and for the showrooms

Chevrolet will replace the Impala in NASCAR with a new model that it also will sell to consumers. General Motors said the NASCAR Sprint Cup Series race car and the showroom model will closely resemble each other and will debut in 2013 as a new nameplate in the Chevy lineup. GM said it will unveil the cars later this year.

Fifth Gear Tonight: Porsche Boxster S, Ford Focus ST & the new Audi S8 (video)

A new series of Fifth Gear starts tonight with Vicki B-H racing a French Jet in a new Porsche Boxster S, Jason Plato testing the new Audi S8 & Jonny in the Ford Focus ST. Those nice people at Fifth Gear have been in touch asking if we’d like to run trailer information for the new Fifth Gear Series, just as we do for Top Gear. Why not, we thought?