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Overseas embassies in London refuse to pay £77m on Congestion Charge

ALESSIA PIERDOMENICO, Newscom, RTR More than £75 million in Congestion Charge fees is owed by London’s foreign embassy staff who refuse to pay it. The staggering figure is revealed in a report which names and shames 71 countries which have each racked up debts of more than £100,000 since the scheme launched in February 2003. According to figures compiled by Transport for London (TfL) and seen by MSN Cars, the total amount outstanding from them – up to 14 January 2014 – is a whopping £76.9 million.

Kia styling chief Schreyer is fluent in Koreapean

The way Peter Schreyer sees it, there is one key difference between European and Korean automakers: Europeans design from the heart, Koreans from the head. "In a European company, everybody is a car driver, a car enthusiast," says the Germany-born design chief of Kia Motors Corp. "Everybody from the CEO to the little designer to people on the production line, they want to build cars they want to drive themselves." Koreans can be more market-oriented: "They look at the big picture, which markets to explore or conquer.

£10 million cash boost for Lotus

Business secretary Vince Cable has visited Lotus’ Norfolk headquarters today, where he announced the company would be awarded £10.44 million from the Regional Growth Fund. The money will be used for research and development of products, as well as staff training. The sports car company expects to create 313 full time jobs to support production over the coming years.