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UK Budget 2008 'leaves motorists £1.6bn worse off'
Wed, 12 Mar 2008By Tim Pollard Motoring Issues 12 March 2008 12:08 UPDATED... The UK's 2008 Budget has introduced a major car tax shake-up that will leave Britain's motorists £1.6 billion worse off, according to the Opposition. Motorists driving the highest polluting cars face tax hikes of up to £950 in showroom levies from April 2010.
General Motors halts Hummer production until sale is completed
Thu, 14 Jan 2010General Motors will stop production of Hummers at the end of this week as the automaker waits for Chinese regulators to approve the brand's sale to Sichuan Tengzhong Heavy Industrial Machinery Co. Output of Hummer H3 and H3T models at GM's Shreveport, La., plant will resume once the pending acquisition is completed, Hummer spokesman Nick Richards said. Richards declined to specify what issues remain to be approved by the Chinese government.
Fisker gets funding for Karma & NINA
Wed, 23 Sep 2009The Fisker Karma - should move to market quickly with new funding But late yesterday the DOE in the US approved loans to Fisker of $528 million (around £323 million). That should help. The loan is aiming to secure production of a plug-in hybrid in the US, which probably means the lower cost car Fisker has been talking about for some time.