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Business groups call for Severn tolls cut

BUSINESS groups are calling for a reduction in the Severn Bridge tolls as soon as the famous structure comes into public ownership. Following the recent announcement that tolls will be set to increase, the Federation of Small Businesses in Wales and the Freight Transport Association (FTA) have called for the tolls to be reduced to a level that only covers maintenance. In a joint statement the groups expressed their concern for the negative impact the increased tolls could have on the southern Welsh economy.

UPDATED Aston Martin shuts historic factory

By Tim Pollard Motor Industry 19 July 2007 05:34 The last Vanquish rolled off the line at Aston Martin's historic Newport Pagnell factory today. Much of the historic site will be sold and turned into offices and homes. It brings to an end a long and distinguished history of car and carriage making at Newport Pagnell - stretching all the way back to the 1820s.

Porsche CEO likely to bow to pressure to leave, report says

Porsche CEO Wendelin Wiedeking is likely to bow to pressure from the Porsche family to step down, a German newspaper report said on Wednesday. Business daily Handelsblatt said that the two parties had already reached agreement that the chief executive should go and that a formal decision could come by Thursday, when the company's supervisory board meets. The newspaper also said, however, that Wiedeking would fight to keep his job.