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Porsche 918 Spyder hybrid supercar to be built

Porsche's 918 Spyder plug-in hybrid has been given the green light for production. Porsche today confirmed it would build a limited number of cars based closely on the 918 Spyder - making it the spiritual successor to the Carrera GT, albeit with a green edge. Michael Macht, Porsche president and chairman, said: 'Production of the 918 Spyder in a limited series proves that we are taking the right approach with Porsche Intelligent Performance, featuring the combination of supreme performance and efficient drivetrain concepts.

Interior Motives China Conference 2007

There are 1.3 billion people in China, with 38 million cars between them. 7 million new cars were sold last year, nearly 9 million are expected to sell this year - a growth rate of over 25%. Of the 140 different Chinese car companies, the top ten are responsible for 85% of sales.

CAFE standard set at 54.5 mpg by 2025

The final version of the new corporate average fuel economy (CAFE) standard was released today and, as expected, automakers will need to attain a fleet average of 54.5 mpg by 2025. The rules include electric and hybrid vehicles and—as of today—natural gas vehicles. The Environmental Protection Agency and the National Highway Traffic Safety Administration proposed the rules in November, after reaching an agreement with automakers last July.