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U.S. sales rise 9 percent in July

U.S. demand for light vehicles continued to defy mostly weak economic indicators by rising 9 percent in July. Big sales gains at Japan's and Europe's top automakers--Toyota, Honda, Nissan and Volkswagen--offset declines at Ford Motor Co.

Camaro Z/28 Indy 500 pace car revealed by Chevrolet

Chevrolet has taken the wraps off the pace car for the 98th running of the Indianapolis 500: It'll be the 2014 Chevrolet Camaro Z/28. Veteran race car driver Dario Franchitti will be piloting the Camaro Z/28 around the track on race day, May 25. 2014 will mark the eighth time that a Camaro has been chosen as the official pace car for the race, with 1967 being the first time that a Camaro has lead the pack around the course.

New CAFE proposal would add $5,000 to sticker price, dealer group says

An 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.