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Mini reveals John Cooper Works Concept at Detroit auto show

Today at the Detroit Auto Show Mini debuted the new 2014 John Cooper Works Concept. The JCW (as the cool people call it) is the performance version of the Mini, and the debut of the concept included a rock band and impressive amount of smoke courtesy of a fog machine. The JCW concept was decked out in traditional John Cooper Works style, and that meant an exclusive color scheme with red color accents over Bright Highways Grey paint, and 18-inch light alloy wheels.

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.

Akio Toyoda named Toyota president amid global crisis

Akio Toyoda, scion of Toyota Motor Corp.'s founding family and now its next president, will bring a U.S. perspective to the automaker as it battles falling sales and an unprecedented financial crisis. Toyoda, 52, will succeed current President Katsuaki Watanabe in June, the company said Tuesday, ending weeks of speculation.