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Australian Grand Prix (2014): RESULT

The 2014 Australian Grand Prix gets underway It’s all new cars for the first Grand Prix of the 2014 F1 season in Melbourne, but the expectation was that Mercedes would dominate, with Lewis Hamilton sitting on pole and Nico Rosberg sitting third, separated by Red Bull’s new boy, Daniel Ricciardo. In fact, because of engine problems, Hamilton was sidelined from the start and down to fourth by the first corner, with Rosberg making the most of his team mate’s woes and storming through to take the lead, a lead he kept until the end for a dominant win in Melbourne. Behind Hamilton, home boy Daniel Ricciardo in the Red Bull managed to make the 2014 Red Bull car look immensely promising to take second place, a welcome boost for the troubled Red Bull team, even if world champion Sebastian Vettel suffered the same fate as Hamilton, retiring with engine problems.

BMW: Carbon fiber goes high volume in 2013

BMW AG plans to begin high-volume production of carbon fiber parts in two years, making it a strong contender to be the first automaker to move beyond limited-edition use of the exotic material. But Daimler AG, which has taken steps aimed at making carbon fiber parts in 2012, is among the automakers racing toward the same goal. In 2013, BMW will start building the i3 electric car, a vehicle that features a passenger cell--the protective shell around the passenger compartment that ensures the integrity of the vehicle in a crash--made of plastic reinforced with carbon fiber.

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.