1953 Elgin Boat Motor on 2040-parts.com

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.

BMW M3 Coupé Frozen Silver Edition

BMW M3 Coupé Frozen Silver Edition BMW has announced a limited Edition of the M3 Coupe – the Frozen Silver Edition – with just 100 examples for the UK. Costs £58,720. The BMW M3 Coupe Frozen Silver Edition is the latest limited edition model from BMW which, say BMW, adds £9,000 worth of goodies to the regular M3 for a £4k premium (the Frozen Silver Edition costs £58,720).

Who's Where: Toyota design chief moves to head-up Yamaha design

Akihiro Dezi Nagaya has moved from his position as chief designer at Toyota to Yamaha Motor Company, where he will take up the post of chief general manager of design. The move became effective on 1 July, and sees Nagaya move from his position as CEO of Tecno Art Research, a freelance design office for Toyota projects located in Nagoya, Japan. His replacement at Tecno Art Research is Hiroshi Kawahara, Toyota's former general manager of advanced design.