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Hyundai increasing European production to 500,000 a year

Hyundai are upping production in Europe to 500,000 per annum There’s an awful lot of sense in car makers designing and building cars for the markets they serve locally, and it’s a route Hyundai has followed in Europe, where the majority of their sales are of European built models, not imports. With Hyundai sales still growing despite the European car market meltdown, Hyundai are increasing capacity in Europe to keep up with demand with further investment in their plant in Ízmit, Turkey. Originally, the Ízmit plant produced just 60,000 cars a year, but in 2007 that was increased to 125,000 and now it is being increased to 200,000 so the new i10 can be built there as well as the latest i20.

Call for bus commuter tax break

A NEW TAX allowance should be introduced so that firms can help staff pay for the cost of commuting to work by bus, a campaign group has urged. Greener Journeys said people on lower incomes were more reliant on buses as they were less likely to have a car. The group, which promotes sustainable travel, said a "bus bonus" scheme should be launched, arguing it would boost the economy and improve access to jobs.

KoenigSaab coming soon?

Koenigsegg are in the running to take over Saab Saab were given Swedish Government protection recently (similar to Chapter 11) to try and find a suitor or funding to operate independently. Of course they can’t do that completely, at least not in the short term, as they are so tied in to GM’s platforms on their current and soon to be released cars. But Saab has a strong – if quirky – history and, with the right backing, could stand alone as a niche maker of aesthetically individual cars.