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Fiat, Chrysler in partnership talks
Mon, 19 Jan 2009Fiat Group is negotiating with Chrysler LLC to form a strategic partnership that could include a Fiat equity stake in the ailing U.S. carmaker. The pact would help Chrysler speed and strengthen its restructuring plan.
UK's emergency Budget 2010: how it affects motorists
Mon, 21 Jun 2010Chancellor 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.
Mercworld's first birthday
Mon, 03 Dec 2007By Motor Industry 03 December 2007 09:36 Mercedes-Benz World will be celebrating its first birthday this weekend, and you’re invited. Although officially the anniversary was last week, it’ll be this Saturday and Sunday (3-4 November) that the festivities take place. Stirling Moss will be going down to Surrey to collect the keys to his new Smart and sign autographs, they’ll be a free prize draw to win passenger rides in the SLR or with the Silver Arrows display team, and Mercedes’ AMG and off-road courses will be available for a birthday price of £15.