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EU cuts Co2 Targets to help Euro car makers

In an astonishing outbreak of common sense, EU negotiators last night agreed a deal to ease the draconian Co2 targets for EU car manufacturers. Originally, EU car makers had to meet the new regulations by 2012, but have now won a concession to hit 65% of target by 2012, 75% by 2013, 80% by 2014 and 100% by 2015. This scaling back of the targets was achieved after Germany objected to the original proposals.

Chrysler to build more Rams, V6 engines

Chrysler Group will add a third shift next spring at its Warren Truck plant in suburban Detroit and revamp part of its Mack Engine complex in Detroit to make more Pentastar V6 engines. The moves represent about $238 million in further investment in the Detroit area and will add 1,250 jobs, a Chrysler spokeswoman confirmed. A formal announcement is scheduled for Thursday in Detroit.

One Lap of the Web: Bonneville Salt Flats, Suzuki concepts and Porsches for all

Petrolicious is hanging with Bob Sirna, Bonneville Salt Flats competitor, and his Mercedes-Benz 300SL Gullwing. Sirna has been coming to Bonneville for the last 12 years with his SL, which is probably more suited to a museum stand. Sirna likes to say, “Enjoy your toys,” but we hope he has a nice coat of Rustoleum on there.