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UK Government cuts car aid, EV grants at risk

By Tim Pollard Motor Industry 30 June 2010 15:48 Britain's business secretary Vince Cable today fired a warning shot across the bows of the car industry, saying that subsidies would end and warning that the pledged £5000 subsidy off the first electric cars was in peril.'Our starting point is very clear,' he told delegates at an automotive summit arranged by the Society of Motor Manufacturers and Traders. 'We've moved on from the era of subsidies. We just have to be realistic about what's affordable.'Cable said the new coalition Conservative-Liberal Government had not yet decided whether or how to implement the new low-carbon vehicle subsidies promised under Labour, which had set aside £250m in initial funding.'It is still actively under consideration,' said Cable.

Monterey auction kicks off with woodies sale

The Sports and Classics of Monterey auction is in full swing, and a collection of classic woodies netted $7 million Thursday. The Nick Alexander Woodie Collection featured 51 pristine pre- and postwar Ford and Mercury wood-bodied station wagons. The event was staged by RM Auctions in advance of the Pebble Beach Concours d'Elegance.

Fifty years of the Chevy Malibu

The Chevy Malibu is celebrating its 50th anniversary in 2014. What started as a “premium sedan for families” is now in its eighth generation and serves as, well, a sedan for families. But, there were some interesting turns along the way.