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Petrol price relief for drivers

PETROL PRICE pressure on the purse strings of drivers has eased, according to figures from the AA. They showed that average petrol pump prices in the UK have fallen back to 130.0p a litre having risen to 131.7p a litre at the beginning of July. Motorists are now doing far better than they were a year ago when petrol averaged 137.5p a litre, rising to 138.38p a litre in mid-October 2013.

GM posts quarterly net income of $1.96 billion

General Motors Co., in its final financial snapshot before next week's initial public offering of stock, posted third quarter net income of $1.96 billion on revenues of $34.06 billion. The results, released Wednesday, were in line with a forecast issued last week. GM now has earned $4.16 billion on revenues of $98.71 billion through three straight profitable quarters this year--a dramatic swing after five consecutive annual losses.

May 2009: UK new car sales and trends analysis

By Peter Adams Motor Industry 04 June 2009 12:00 The scrappage scheme was supposed to give the UK car market a massive boost, but latest figures out today show new car registrations are still down by more than a quarter. The Society of Motor Manufacturers and Traders (SMMT) reports that new car registrations fell 24.8% in May 2009 to 134,858 units. However, this fall marks an improvement on earlier months of the year.