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Petrol sales hit record low in July

FEARS of a 4p-a-litre rise in prices at the pumps sent petrol sales crashing to an all-time July low. The rise turned out to be only 1.5p a litre but it led to July petrol consumption dipping to 1.44 billion litres, down nearly 100 million litres on June, according to Government figures highlighted by the AA. The AA said petrol retailers and others had predicted that the UK's average cost of petrol would rise by up to 4p a litre in July.

China automaker Brilliance halts Europe exports, executives say

Brilliance China Automotive Holdings Ltd., BMW AG's partner in China, has halted its car exports to Europe after its BS4 and BS6 sedan met with a cool reception, and there is no timetable for a resumption, senior executives said on Thursday. The head of Brilliance's former importer for Europe, Hans-Ulrich Sachs, told Automotive News Europe in March that another reason the automaker struggled is because it refused to lower the starting prices on the BS6 and BS4. "They didn't want to lose any money per car," said Sachs, the former boss of the now dissolved import company HSO Motors Europe.

Video: Benchracing the new 2014 Corvette

The new 2014 Corvette took the Detroit auto show by storm, wowing the press and the public alike. But as the flood of praise subsides, one question remains: Will the C7 Corvette live up to the hype? We won't know for sure until GM hands us a set of keys.