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UK Government cuts car aid, EV grants at risk
Wed, 30 Jun 2010By Tim Pollard Motor Industry 30 June 2010 15:48 Britain's business secretary Vince Cable today fired a warning shot across the bows of the car industry, saying that subsidies would end and warning that the pledged £5000 subsidy off the first electric cars was in peril.'Our starting point is very clear,' he told delegates at an automotive summit arranged by the Society of Motor Manufacturers and Traders. 'We've moved on from the era of subsidies. We just have to be realistic about what's affordable.'Cable said the new coalition Conservative-Liberal Government had not yet decided whether or how to implement the new low-carbon vehicle subsidies promised under Labour, which had set aside £250m in initial funding.'It is still actively under consideration,' said Cable.
Aston Martin Sale: Mahindra & Investindustrial front runners
Sun, 25 Nov 2012It seems the battle to take a stake in Aston Martin has come down to a battle between Mahindra & Mahindra and Investindustrial. After reporting more than a year ago that Aston Martin urgently needed a new owner, or major investor, if it is to survive, it became clear earlier this month that Aston Martin was ready to acknowledge that need as the Kuwait Investment Dar starting seeking a buyer for the majority of its majority stake in AML. So far we’ve had Mahindra and Mahindra, Tata (owners of Jaguar Land Rover), Toyota and unnamed Chinese investors in the frame, but it seems the race to take a big chunk of Aston Martin Lagonda has come down to just two – Mahindra and Investindustrial.
Lamborghini Murcielago LP670-4 SV – Official!
Tue, 03 Mar 2009The Lamborghini Murcielago LP670-4 SV at the Geneva Motor Show 2009 [ad#ad-1] Well it looks like we got it just about right when we brought you news of the new super-Murcielago – The Lamborghini Murcileago LP670-4 Super Veloce – a couple of weeks ago. Nice to be right sometimes! Lamborghini has officially released details on the LP670-4 SV today at the Geneva Motor Show ’09, and just as we thought, it is the Murcielago to end all Murcielagos (which is about right, as it will be the last Murcielago Coupe – although we should still have the Murcielago LP-650-4 Roadster to look forward to).