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White House pushes automakers toward 54.5-mpg target by 2025

The White House is pushing automakers to agree by Wednesday to a corporate average fuel economy target of 54.5 mpg by 2025--a figure 1.7 mpg less than the 56.2 mpg standard it floated earlier this month. The easing of the White House plan stems from a concession to makers of light trucks and SUVs, and particularly larger vehicles in that segment, such as Ford's F-150, sources said. The latest White House proposal, the most definitive of any it has put forth, calls for a 5 percent annual mileage increase for cars from 2017-2025, said industry and congressional officials who asked not to be named because their discussions with the White House are confidential.

Ferrari 458 Speciale to debut at Frankfurt motor show

Update: Preview video added below, and yes, you can hear the car's engine -- barely -- through the thumping movie trailer-like music. A new Prancing Horse is set to go public at the 2013 Frankfurt motor show: Ferrari will use the event to introduce the 458 Speciale, which will join the 458 Italia and 458 Spider at the lower end of Ferrari's range. Visually, the 2,844 lb., mid-engined 458 Speciale doesn't depart too much from the 458 Italia, though the new model gets a more aggressive fascia and a massive hood duct that -- when coupled with an apparently F1-inspired interior -- hints at the no-nonsense sporting purpose of the car.

Lexus offers coupons for F-Sport accessories in July

Lexus is offering a 20 percent discount coupon for use on all F-Sport accessories in July that's worth up to $2,000. Lexus recently added the IS C and the GS to the accessory line, which includes forged alloy wheels, brake upgrades, a sway bar kit and other items. The discount is valid at Lexus dealerships, and it's limited to one per customer.