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Porsche says Panamera avoids gas-guzzler tax

Few expenses were spared in conceiving the Porsche Panamera, but consumers will avoid at least one cost of ownership: the ignominious gas-guzzler tax. Porsche has announced ratings for the 2010 sedan; it will get a combined figure of 18 mpg or 19 mpg from the EPA, depending on the model. This means Porsche’s four-door foray will avoid a fairly substantial cost of ownership--a tax of up to $7,700 is levied on the most prolific guzzlers.

Obama's second term: More EVs, safety

President Barack Obama's second term likely will include a return to an agenda of support for electric vehicles and also could clear the way for new rules on tailpipe emissions and auto safety that his appointees have been eager to release. Obama's fellow Democrats retained control of the Senate, while Republicans kept their House majority In his victory speech, Obama said he plans to meet with Republican challenger Mitt Romney in coming weeks to discuss ways to move the country forward. He also saluted Romney's father, George, who once ran American Motors, a company absorbed by Chrysler in 1987 and whose Jeep became a flashpoint during the campaign.

Future products: Geely must retool Volvo plans

Ford Motor Co.'s sale of Volvo to Geely in August leaves doubt about the Swedish company's product plans. For example, all of Volvo's current range except the 9-year-old XC90 crossover makes use of Ford vehicles and components. The XC90 is based on Volvo's P2 platform and was developed before Ford ownership.