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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.

Daimler, Ford, Nissan team up on fuel cells

Ford Motor Co., Nissan Motor Co. and Mercedes-Benz parent company Daimler AG have formed a partnership aimed at speeding up the commercialization of fuel cell electric vehicle technology. Together, the automakers plan to develop a common fuel cell stack and fuel cell system to be used in what they describe as "highly differentiated, separately branded fuel cell electric vehicles" as early as 2017.

Porsche Panamera to receive long-wheelbase treatment for 2012

Porsche is developing a long-wheelbase version of the Panamera in a bid to satisfy demand for greater rear-seat legroom from customers in North American and China. Details remain sketchy, but insiders at the company's research and development center in Germany have indicated to AutoWeek that the 115-inch wheelbase of today's Panamera will be extended by almost five inches, taking it up to nearly 120 inches. By comparison, the long-wheelbase version of the Mercedes-Benz S-class boasts a 124-inch wheelbase.