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EPA calls for lower-sulfur gasoline

The EPA proposed a package of rules Friday that includes cleaner gasoline and stricter limits on pollution from the tailpipes of cars, despite objections from the oil industry. The rules, known as Tier 3, have been supported by car companies because they would bring U.S. standards into alignment with those of California, where gasoline must have a lower sulfur content to help reduce tailpipe emissions.

2012 Ford Mustang Boss 302 revealed

The 2012 Ford Mustang Boss 302 Petrolheads on this side of the Pond know what a Mustang is, even if we don’t exactly covet it. But it’s one thing not really coveting a 2011 V6 Mustang – even if it is much improved on the last version – but it’s quite another to ignore the ‘Super’ Mustang know as the Boss. Ford has announced the Ford Mustang Boss 302 for 2012, and they’re claiming they’ve used the M3 as a benchmark for handling.

Lamborghini reports drop in profits

Lamborghini has announced a pre-tax loss of £32m for 2009 as the world recession led to a slump in supercar sales. Lambo delivered 1515 supercars last year, down 38% from 2008's 2430.  Turnover dropped 41% to £215m. It's a far cry from the dizzy heights of the boom years.