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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.

Final second-generation Mini leaves production line

THE FINAL Mini hatchback of the current generation has left the production line in Oxford, after more than a million were made for customers around the world. There’s no time for production staff to rest, though, with assembly of the new Mini hatchback already under way alongside the many other Mini model derivatives. In total, more than 1.8 million hatchback Minis have been built at the factory since 2001, of which 1,041,412 were the currently outgoing model.

Mitsubishi CEO pledges to stay in U.S., wants to quadruple sales

Mitsubishi Motors Corp. President Osamu Masuko says the company won't pull out of the U.S. market and that his personal mid-range sales target is 200,000 units a year, or roughly four times today's level of 50,000.