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Diesel hybrid cars avoid BIK penalty. Peugeot, Citroen & Volvo rejoice.

Peugeot 3008 HYbrid4 is the first car to benefit from BIK rates on diesel hybrids As a company car driver the Inland Revenue gets its cut no matter what. With BIK rates set based on CO2 emissions and list price, it’s hard to find a way to beat the system. Even opting for a diesel car doesn’t help because, despite much better economy on the whole from diesels than petrol engined cars, HMRC adds an extra 3% to your BIK rate because diesels emit more of the stuff that matters – particulates and NOx – than a petrol-engined car.

New Porsche Cayenne drives Porsche profits – up 25 per cent

Porsche Profits up 25 per cent - driven by Porsche Cayenne sales Building the Cayenne will be the end of Porsche, cried the Porsche anoraks when Stuttgart entered the SUV fray with the Cayenne back in 2003. But nothing could be further from the truth. As we’ve pointed out endlessly, the lure of a capable and sporty SUV with an iconic badge is a license for Porsche to print money.

Volvo V60 Polestar production now underway

The Volvo V60 Polestar is now rolling off Volvo’s production line Last month Volvo revealed that the V60 Polestar would be a limited edition run of just 750 cars for the world, but that 125 of those will be heading for the UK – the largest market allocation of any country – and will cost £49,775. And now, seven months after Volvo confirmed the V60 Polestar for production, the first cars are heading off the production line at Volvo’s plant in Torslanda and heading off to their new owners. Although not as powerful as we’d expected, the V60 Polestar still offers an appealing performance package, with 345 bhp and 369lb/ft of torque delivering 0-62mph in an impressive 6.0 seconds.