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Government To Call Time On Tax Disc

THE HUMBLE tax disc is set to become a thing of the past, with Chancellor George Osborne planning to shake up the way we tax our vehicles as part of his Autumn Statement announcement. After more than 90 years affixed to British motorists' cars, the tax disc is to be scrapped and replaced with a modern electronic system. For the first time motorists will also be able to pay for their vehicle excise duty (VED) by monthly direct debit, although this will cost an extra 5%.

U.S. is seeking a record $16.4 million fine against Toyota

The National Highway Traffic Safety Administration is seeking a historic $16.4 million civil penalty against Toyota for failing to notify the agency in a timely fashion of a throttle problem that could cause unintended acceleration, Transportation Secretary Ray LaHood said on Monday. The amount is the maximum penalty and would be the most NHTSA has levied against an automaker. The agency said Toyota waited at least four months to alert it of the potential pedal problem.

GM CEO Akerson auctions 1958 Chevrolet Corvette for charity

General Motors CEO Dan Akerson is auctioning off his 1958 Regal turquoise Chevrolet Corvette for Habitat for Humanity Detroit. The proceeds will go to rebuild the Morningside Commons area of the lower east side of the city. Interested buyers can get a preview of the car during the Woodward Dream Cruise.