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Report: Gasoline engine has big bang for the fuel-economy buck

A government report says improving the gasoline engine will yield huge gains for the consumer and the environment as automakers consider ways to improve fuel economy over the next 14 years. The Obama administration's technical assessment looked at four technology scenarios by which automakers might attain suggested CAFE goals of 47 to 62 mpg for cars and light trucks by 2025. The scenarios differed by the portion of an automaker's fleet that was accounted for by electrics, hybrid electrics and plug-in hybrid electrics.

Ferrari FF first year's production sold out

Ferrari S.p.A. said the first year of production of its new FF is sold out and customers who order the model now will receive their cars in the second half of 2012. Ferrari will limit production of the four-seat FF, the luxury sports car maker's first four-wheel-drive model, to 800 units a year.

Cadillac teases 2013 'glamour' concept car

Looking to recapture some of its past luster, Cadillac showed renderings of a concept car that will appear at a 2013 auto show. The car is an attempt for the brand to "reflect back not for nostalgia, but what made us great at the time," said Clay Dean, Cadillac director of advanced design. Monterey car week is packed with car shows, vintage racing and car auctions.