Ukraine Crisis Could See Fuel Prices Soar

THE RAC has said that the current crisis in Ukraine will see a rise in petrol and diesel prices in the coming weeks. It said fuel traders had already begun to buy up stocks to guard against being caught out in the event of the situation worsening. Furthermore, this will cause prices to increase due to a tightening in supply.

Ford to cut Australian manufacturing in 2016

Ford Motor Co., saddled with high costs, falling sales and financial losses, will close Australian car and engine assembly plants in October 2016 after almost nine decades of manufacturing in the country. Ford, the smallest of the country's three manufacturers after Toyota Motor Corp. and General Motors, will shut its assembly plant in Broadmeadows in northern Melbourne and an engine plant in Geelong to the west of the city, Ford Australia CEO Bob Graziano said.

Volvo poised for V8 Supercars entry Down Under in 2014

Volvo has confirmed that it has entered a factory team into the V8 Supercars for 2014. Volvo Polestar Racing will enter one of the world’s biggest touring car categories with a pair of V8-powered S60s, joining Nissan, Mercedes, Holden and Ford (which is rumoured as potentially departing the series). Where will the S60 get its V8?