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Design an MG sports car for 2025, win a scholarship and internship at SAIC

SAIC has announced its second university student design competition. To be in with a shout, SAIC wants students to design a dream sports car or GT car for the MG brand to be launched in 2025. The brief asks for a concept that must not only must reference MG's history – 2014 is the firm's 90th anniversary – but that also reflects China's post-90s generation.

2014 fuel duty rise cancelled

Chancellor George Osborne has confirmed in his Autumn Statement that the proposed 2014 fuel duty increase has been cancelled. This means the scheduled 2p increase in tax on every litre of petrol will now no longer happen. On Bing: see pictures of petrol prices Tax disc to be scrapped after 93 years This fuel duty increase was due to come into effect on 1 September 2014, but thanks to savings elsewhere in public finances the government has called it off.

Subaru XV gets another price cut – down by £2300 across the XV range

The Subaru XV (pictured) gets a price cut of £2,300 across the range Over a year ago, Subaru launched the new XV in the UK with a starting point of £21,995, Which was decent value for an able Crossover/SUV. But by May of 2013, Subaru had decided there was room to play with the XV’s price – or at least on the 1.6 litre petrol version – and they announced a £1300 price drop for the entry-level petrol XV. But now, just six weeks later, Subaru has decided that the weakening Yen has given them more room to manoeuvre on price and have announced they’re cutting prices across the whole XV range by £2300 (which actually means £1,000 off the new price for the 1.6 litre petrol).