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UK Government cuts car aid, EV grants at risk

By Tim Pollard Motor Industry 30 June 2010 15:48 Britain's business secretary Vince Cable today fired a warning shot across the bows of the car industry, saying that subsidies would end and warning that the pledged £5000 subsidy off the first electric cars was in peril.'Our starting point is very clear,' he told delegates at an automotive summit arranged by the Society of Motor Manufacturers and Traders. 'We've moved on from the era of subsidies. We just have to be realistic about what's affordable.'Cable said the new coalition Conservative-Liberal Government had not yet decided whether or how to implement the new low-carbon vehicle subsidies promised under Labour, which had set aside £250m in initial funding.'It is still actively under consideration,' said Cable.

Porsche boss Mueller: A launch every year, 200,000 sales by 2018

By 2018, Porsche CEO Matthias Mueller, 57, aims to boost annual global sales to more than 200,000 units, up from 97,000 in 2010. To do so, he will introduce at least one new Porsche every year. Mueller, a former executive at Volkswagen AG, replaced Michael Macht as Porsche AG CEO in October.

Ford Mondeo Titanium ECOnetic launched

Ford has launched an ECOnetic version of the Mondeo in Titanium trim Ford has announced the launch of the Mondeo Titanium ECOnetic today. Which gives you all the extra toys the Titanium model offers but throws in the ECO bits that make the car cheaper to run. So you still get all the extra bits that make the Titanium more liveable with but you get the ECOnetic bits bolted on top.