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UK's emergency Budget 2010: how it affects motorists

Chancellor George Osborne will make the emergency spending cuts on Tuesday 22 June By Tim Pollard Motoring Issues 21 June 2010 09:51 The new UK Government's emergency Budget tomorrow is likely to announce a raft of spending cuts and tax rises bound to affect motorists.  The new Conservative-Liberal coalition government is taking the unusual step of holding an emergency summer Budget to reduce the national deficit, which stood at £156bn in 2009-10. The senior Cabinet members signed off the details of the Budget on Friday, but the details won't be confirmed until Tuesday 22 June 2010.Here's our preview of what to expect if you're a car owner:VAT riseMost pundits agree that the rate of value added tax will rise from today's 17.5%. If raised to 20% – the upper limit expected – it could raise an extra £11 billion a year for Government coffers.

2015 Ford Mustang interior grows up

The 2015 Ford Mustang has officially arrived, and much to-do has been made about its new styling. “The taillights are a throwback,” “The taillights suck,” “It looks like a BMW 4-series in the front,” “It looks like an Accord in the rear.” We've heard it all. But not much has been said about the inside of Ford's newest pony car, which appears to be an upgrade in nearly all respects.

Volkswagen considers bringing an electric vehicle to the United States

A larger version of the tiny Volkswagen E-Up! electric-vehicle concept, unveiled here at the Frankfurt auto show, likely will be sold in the United States. "The reason we are working on an electric vehicle is the American market," said Ulrich Hackenberg, board member in charge of product development at Volkswagen AG.