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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.

Brown Porsche 911 2.7 RS up for bid in Monaco

Ford RS200. Ferrari 250 GTO. Opel Manta 400.

Maserati shows Alfieri concept at the Geneva motor show

It's named the Alfieri concept, which Maserati will be the first to tell you is not the "Guyfieri." Otherwise, it'd come with a golden roof, a Ferrari V8 slathered in beer batter, and a deep-fried interior reeking of Cheetos and desperation. Make that balsamic vinegar, according to Maserati, the dark condiment evidently imbued with "a centenary tradition of craftsmanship and passion." Much like Maserati's celebration of its 100-year history at this Geneva auto show, as represented by the silver ingot shown above. Indeed the Alfieri concept, a gorgeous wide-grilled sports car more in line with the Porsche 911 than its own GranTurismo, is a celebration of Alfieri Maserati, one of the five brothers who founded the eponymous company.