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Pininfarina takeover would boost Magna expertise in key areas

Magna International Inc. would become a stronger competitor for design and development jobs if it takes over struggling car styling and engineering firm Pininfarina S.p.A., executives say. “Magna badly needs design competence, and Pininfarina has top staff,” said Paolo Tumminelli, CEO of Goodbrands GmbH, a brand and marketing consultancy based in Cologne, Germany.

Nissan Livina Geniss

Nissan has announced it will release a new family of global cars over the next two years with sales of the first variant to start in China in 2006. The Livina Geniss, the name of the Chinese variant, will be the first Nissan car to be released in China ahead of other global markets, and will make its world premier at the Guangzhou International Motor Show later this month. Based on the concept of a luxurious, yet practical vehicle, the model seats up to seven people and accommodates a wide variety of customer needs.

CAFE standards set to rise to 54.5 mpg for 2025

President Barack Obama on Friday revealed ambitious plans to raise the corporate average fuel economy standard for cars and light trucks to 54.5 mpg by the 2025 model year, a landmark move that will dramatically remake carmakers' product portfolios and consumers' buying habits. Unlike the first CAFE standards passed by Congress in 1975, the Detroit automakers now publicly support the high requirements and have begun retooling their fleets to adapt the changes. “[This] represents the single most important step we've ever taken as a nation to reduce our dependence on foreign oil,” Obama said in a morning press conference.