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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.

Remaking the Ford Mustang

By the time the next-generation Ford Mustang debuts in 2014, it will have worn a decidedly retro look for nearly a decade. From the styling to the chassis to the raw power, the pony car remains a throwback and a simple, true American pleasure. Expect that mantra to continue, but the execution will evolve, moving the Mustang forward into a broader, potentially global audience as it nears a half century of performance.

Ferdinand Alexander Porsche celebrates 75th Birthday

One of the most prolific names and designers within the Porsche franchise is celebrating his 75th birthday this week. In honor of this event, CDN brings you a brief summary of his work and life so far. Ferdinand Alexander Porsche, son of Ferdinand ‘Ferry' Anton Ernst Porsche, was submerged in all things automotive and design related from a young age.