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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.

2015 Nissan Versa to debut at New York auto show

Nissan revealed the first images of the 2015 Versa sedan on April 11. The car goes on sale next week after its debut at the New York auto show for the seriously low price of $12,800 including destination. Improvements include new front and rear fascias, interior upgrades and new packaging content.