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Diesel hybrid cars avoid BIK penalty. Peugeot, Citroen & Volvo rejoice.
Fri, 18 Nov 2011Peugeot 3008 HYbrid4 is the first car to benefit from BIK rates on diesel hybrids As a company car driver the Inland Revenue gets its cut no matter what. With BIK rates set based on CO2 emissions and list price, it’s hard to find a way to beat the system. Even opting for a diesel car doesn’t help because, despite much better economy on the whole from diesels than petrol engined cars, HMRC adds an extra 3% to your BIK rate because diesels emit more of the stuff that matters – particulates and NOx – than a petrol-engined car.
GM, Koenigsegg sign deal on Saab sale
Tue, 18 Aug 2009General Motors Co. reached a deal Tuesday to sell its money-losing Swedish subsidiary Saab to Koenigsegg Group AB. The companies signed a stock purchase agreement that would give the tiny Swedish supercar maker 100 percent of Saab's shares, GM Europe said in a statement.
Mercedes C-class shown
Fri, 09 Mar 2007By Tim Pollard Motor Shows 09 March 2007 01:08 Mercedes Vision C220 Bluetec: the lowdown Mercedes' bigger, better and cleaner new C-class hogged centre stage at the DaimlerChrysler stand. The C is the bedrock of Merc's range and the company rolled out a slew of derivatives to mark the occasion - including the Vision C220 Bluetec, the first four-cylinder diesel with Merc's clean-breathing tech. Vision is a tag for Stuttgart's concepts that are a dead cert for the showrooms, so expect something very like this soon.