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UK Government cuts car aid, EV grants at risk

By 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.

BMW Gran Lusso Coupe Pininfarina teased

Does that mean the Gran Lusso previews a new 8 Series from BMW? Probably not, any more than last year’s BMW Zagato Coupe from Villa d’este spawned a new BMW, but it’s an interesting idea to revive a big V12 coupe when the rest of the car world is downsizing. BMW aren’t giving much away about the Gran Lusso beyond these few photos, but it’s clear from those tease photos that it has a makeup similar to the 8 Series, with a long nose, two doors and swooping coupe roofline.

GM to invest $2 billion in 17 plants

General Motors said Tuesday that it will invest about $2 billion in 17 plants across eight states in the United States. "We are doing this because we are confident about demand for our vehicles and the economy," GM CEO Dan Akerson said in a statement. Akerson made the announcement at GM's transmission plant in Toledo, along with Ohio Gov.