Archive for April, 2008 (Page 5)

Brace for Impact: First Step to 35 MPG Announced

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The race to meet 35-mpg CAFE standards officially started today as the Department of Transportation laid out the first five-year plan to boost nationwide fleet fuel economy.

The DOT said today that from 2011 to 2015, the Corporate Average Fuel Economy (CAFE) for both passenger cars and trucks would rise 4.5 percent each year. The "ambitious" proposal, in the DOT's words, would represent a 25 percent improvement in fuel economy provided automakers will meet the targets.

The average fuel economy for the passenger-car fleet would rise from 27.5 miles per gallon to 35.7 miles per gallon by 2015. Trucks would see average fuel economy rise from 23.5 miles per gallon to 28.6 miles per gallon by the end of the five-year phase.

The DOT estimates the new rules will save nearly 55 billion gallons of fuel consumed by vehicles, but did not supply a dollar amount for the toll extracted on the auto industry, which is struggling with the weakest sales year in more than a decade.

Automakers were generally silent on the new rules, though GM did issue a press release. The world's biggest automaker for now said that "GM intends to meet the tough, new national CAFE standards of 35 mpg for cars and trucks combined by 2020, a dramatic increase of 40 percent. NHTSA’s proposed rule lays out the first set of standards toward this target. GM will work with NHTSA throughout its rulemaking process on the yearly targets and the sensible mechanisms needed to meet this challenge.”

Gas Prices Hit New Record

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The price of gas headed higher yet again today -- no surprise there -- but now analysts are wondering if $4 a gallon gas will be the national average before long.

The AP reports today that the price of a gallon of unleaded passed $3.51 today, setting a new record, while diesel prices rose to a new record of $4.20 a gallon.

"I wouldn't rule out the possibility that we could get to $4," analyst Antoine Halff told the news service.

The current spiral of prices is, er, fueled by high demand and the fall in the value of the dollar. It's a rough lesson for consumers as prices for everything are rising, especially food, because of transportation costs.

Consumers may be responding in a grass-roots way, however. Cars.com's latest survey of shoppers reports that $4-a-gallon gas for an extended period of time would be enough for 85 percent of consumers surveyed to buy a more fuel-efficient car. Already, the Cars.com survey found, 80 percent of drivers are making sure they do everything to squeeze more miles from each gallon of gas, like properly inflating their vehicle's tires.

What do shoppers think qualifies as a "fuel-efficient" vehicle? Some 73 percent of those polled by the Cars.com survey said 30 miles per gallon would be a good starting point -- and 60 percent said they'd pay $2000 extra for a 40-mpg vehicle. Twenty-one percent said they wouldn't pay any more, though.

It's easy to see the effect of high gas prices on the wallet. But TheCarConnection wants to know -- what are you doing to save money and boost your fuel economy? Tell us in a comment below and let us know if $4 a gallon gas would get you to trade in your guzzler for a sipper.

Chevrolet Malibu Adds a Four-Cylinder LTZ

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Like the Nissan Altima and Honda Accord and Toyota Camry and Ford Fusion...and...well, like a bunch of other family sedans, the big new Chevrolet Malibu is getting a four-cylinder option on its ritziest model.

The newly dubbed Chevrolet Malibu LTZ will get the 169-horsepower, 2.4-liter version of GM's Ecotec four-cylinder engine. In the Malibu, the engine's teamed with a six-speed automatic transmission that works with it to endow the big family four-door with a 22/32 mpg fuel economy rating. Also appearing on the LTZ version are 17-inch Chrometec wheels and a single chrome exhaust outlet, for carspotters everywhere.

GM's already released pricing on the new model, too. The 2008 Malibu LTZ will sticker at $26,985 including destination charge. The fancy two-tone interior treatment can be had on the four-cylinder LTZ, and heated seats are standard. So are OnStar Turn-by-Turn navigation, XM Satellite Radio and an eight-speaker audio system.