Isn't this just a Diesel-style engine??? If yes, then of course it would see a boost in MPG.
EDIT - never mind. I see it's using gasoline. Hmmm. A gasoline engine that acts like a diesel (compression ignition). Cool concept! Unfortunately it looks like we won't see one on the market until around 2020.
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The main challenge left is above 4000 rpm.
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Diesel has the same problem. Diesel engines rarely go above 4000 rpm, because the gases do not expand that quickly.