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Chancellor to ‘freeze fuel duty’ until 2015?
Mon, 14 Oct 2013The chancellor of the exchequer, George Osborne, has announced that fuel duty will be frozen until 2015 – if the savings can be found to pay for it. The announcement came during a speech at the Conservative party conference, in which George Osborne said: “Provided we can find the savings to pay for it, I want to freeze fuel duty for the rest of this parliament.” The 2p-a-litre rise planned by the Labour government for September 2014 would be cancelled, continuing a freeze that has lasted two-and-a-half years already. But this is conditional on the treasury finding the funds to cover it.
BMW 0 Series revealed? +video
Sat, 26 Jun 2010Is this the BMW 0 Series? If BMW are going to go further downmarket in their quest for more sales – which we know they are with their plans for front wheel drive BMWs – then short of a sub-brand marque (entirely possible some will wear the Isetta or i-setta badge) then the only number we have to play with is a big, fat 0. It seems daft to give a BMW a leading 0 and its own series, but it certainly looks to be under consideration.
News watch December 2010: today's auto industry news
Sun, 31 Oct 2010Welcome to CAR Magazine's news aggregator as we round up the daily stories in the auto industry. Top tip: news summaries are added from the top hour-by-hourFriday 31 December 2010• A judge in Manhattan has dismissed two lawsuits from hedge funds claiming for $2bn losses when it bought VW shares in 2008. Elliott Associates LP, Black Diamond Offshore and 39 other funds filed a complaint, claiming Porsche misled short-sellers who hadn't realised that Porsche had cornered the market in VW shares (Automotive News)Thursday 30 December 2010• Volvo plans to hire an extra 200 staff as it claims demand for its cars is rising.