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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.

Rains Wash Out Pacific Coast Highway

California's scenic Highway 1 is closed down for at least a month after a landslide washed out a 40-foot section of the famous road just north of Big Sur. The closure is in effect from 12 miles north of Big Sur State Park at the Bixby Creek Bridge to 10 miles miles south of the Carmel River Bridge "due to a slip-out," according to the California Dept. of Transportation.

Think, again: Norwegian electric-car maker looks for U.S. plant

Think, the Norwegian electric-car maker, says it plans to build an assembly plant and a technical center in the United States. After financing failed in the wake of the collapse of credit markets in late 2008, the company entered Norway's debt-settlement process (the equivalent of Chapter 11 bankruptcy), and production of its recently redesigned Think city car was halted. It continues operating under a $6 million interim funding measure while it pursues additional financing.