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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.

2012 Fiat Panda starts at £8,900

The new Fiat Panda starts at under £9k The 2012 Fiat Panda will cost from £8,900 for the POP 1.2 8v 69 CV, rising to £12,250 for the Panda Lounge 1.3 MultiJet 75 CV in the UK. The 2012 Fiat Panda was unveiled at the Frankfurt Motor Show last Autumn, and looks as though it’s going to continue the Panda tradition of simple motoring at affordable prices with the news that the starting point for the new Panda will be £8,900 for the entry-level Panda POP 1.2 8v 69 CV. Even the top-of-the-range Panda Lounge 1.3 MultiJet 75 CV comes in at a not too unreasonable £12,250, with another eight models in between the two extremes offering variations of trim and engines to suit sensible urbam motoring.

Amazing barn-find auction totals £1m

THE LARGEST collection of ‘barn find’ cars ever assembled in one auction has raised more than £1 million. The auction, which included amazing and rare lots including Aston Martins and Jaguars, was the first of its kind and took place at Silverstone Auctions’ Practical Classics Restoration Show. More than 85% of the cars put up for sale have found new owners.