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The cost of automakers complying with toughening federal fuel economy standards could be far less than expected. This is according to the International Council on Clean Transportation, an independent research group, which released a report concluding automakers costs could be reduced by 34 percent to 40 percent per vehicle in the 2022 through 2025 phase. […]

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If money is the auto industry’s lifeblood, today Volkswagen Group CEO Martin Winterkorn warned stricter European rules calling for steeper CO2 targets too soon could make it bleed. “Every gram of CO2 that we save in our European fleet costs our group almost 100 million euros — 100 million that we have to invest in […]

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