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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.

Ford rolls out 2010 model line

Ford's big stars for the 2010 model year are obviously the Mustang and Taurus. But less flashy--and perhaps nearly as important--are more subtle improvements throughout its product portfolio, including nicer interiors and a fine-tuned version of Sync that could help the Blue Oval win customers and improve its image in the marketplace. The idea is to fortify its lineup with refinements "experienced immediately in a five-minute test drive," said Derrick Kuzak, Ford's group vice president of global product development.

Mercedes’ AMG division unveils new twin-turbo V8

Those obsessed with torque bemoaned Mercedes’ high-revving 6.2-litre V8 when it was launched in 2005, but just as the world has come to accept the naturally aspirated engine, the company has now unveiled a new twin-turbo 5.5-litre V8. Up to 563bhp – which is the same as the SLS AMG – and 663lb ft, which is much more than the 479lb ft the modern-day Gullwing supercar manages. The engine is an all-new 5.5-litre V8 (5461cc to be exact) with direct-injection technology, an aluminium crankcase and two turbochargers.