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BMW Concept5 X5 eDrive revealed. It’s a plug-in Hybrid X5

The BMW Concept5 X5 eDrive (pictured) will debut at Frankfurt The arrival of the BMW Concept X5 eDrive ahead of its debut at Frankfurt next month doesn’t preview and immediate addition to the X5 range of a plug-in hybrid, but it does show what will be on offer in a year or two. Just like yesterday’s Mercedes S500 plug-in hybrid, the X5 eDrive is another example of how car makers have developed their way round CO2 taxation levels by throwing electric motors at ICE engines to create a car that offers impressive emissions and economy on official tests. In the case of the X5 eDrive that means a four-cylinder twin power ICE engine (BMW aren’t saying, but we’re assuming its a petrol engine), a 94bhp electric motor and a lithium-ion battery under the boot all working together to produce an X5 that is capable (at least in official tests, which is all that matters) of 74.3mpg and emissions under 90g/km.

Government to make UK hub for driverless cars

The government has today announced plans to make the UK a world centre for the development of driverless cars – with a £10 million cash incentive to any town or city that builds a test site for autonomous vehicles. The news comes as part of chancellor George Osborne’s 2013 Autumn Statement – alongside plans to scrap the car road tax disc and freeze fuel duty. Tax disc to be scrapped after 93 years On Bing: see pictures of driverless cars Milton Keynes is already experimenting with driverless pods – with plans to introduce a trial in 2015.

Chrysler's main creditors reach deal with U.S.; others hold out

The U.S. Treasury Department has reached a tentative debt-reduction agreement with Chrysler's main creditors but still must get other lenders to sign on for the deal to take effect, three people with knowledge of the talks said today. The accord with JPMorgan Chase, Citigroup, Goldman Sachs and Morgan Stanley would reduce Chrysler's $6.9 billion debt to $2 billion, which would be repaid by Chrysler in cash, they said.