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Diesel hybrid cars avoid BIK penalty. Peugeot, Citroen & Volvo rejoice.

Peugeot 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.

Toyota to pay $32.4 million U.S. fine over timing of recalls

Toyota Motor Corp. agreed on Monday to pay two more safety fines for a total of $32.4 million, the maximum allowable under U.S. law, to settle federal investigations of whether the company notified regulators of safety defects in timely fashion.

Ferrari F70 takes test laps

It's a strange world we live in when, even in my short-to-medium lifespan, we've gone from the 1980 Ferrari 308 GTSi making either 205 or 214 hp—depending on who you're asking—to the Ferrari F70, which is rumored to make 950 hp with its V12 and KERS system. I would put an Excel graph here, but just imagine a line going up at a 45-degree angle to infinity. With all of that in mind, here's about five minutes of the camouflaged supercar flying around the test track with fantastic audio of the Italian stallion in action.