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Spyker, Youngman agree on joint venture

Dutch supercar maker Spyker and the Chinese Youngman Group have agreed on a joint venture to build a new super sport utility vehicle and a group of sedans based on Saab's Phoenix platform. The SUV is scheduled to hit the market by the end of 2014, while no dates for the Phoenix-based sedan were announced. Youngman will invest 10 million euros in Spyker, 7 million of which will be for stock shares constituting 29.9 percent of the supercar company.

UK Budget 2011: the outcome for motorists

UK chancellor George Osborne announced the 2011 budget today - which includes fuel duty cuts and changes to car tax that will affect every motorist in the land. 2011 Budget changes to fuel duty The Government will cut 1p in fuel duty, effective from 6.00pm tonight. Osborne said the fuel tax cut was designed to offset rising fuel prices, which have burdened every driver with higher bills. And the current inflation-linked 'fuel price escalator', established by the previous Government, has been abolished. Further fuel duty rises in line with inflation have been deferred until 1 January 2012. The planned 1 April 2012 fuel duty rise will be deferred to 1 August 2012.

Planning continues for driverless cars

OFFICIALS in California have been looking to the future as they bid to legislate for the arrival of hi-tech driver-less cars. A law passed in 2012 set a deadline of the end of this year for the state's Department of Motor Vehicles to decide how to legally integrate the so-called autonomous vehicles - which were once the stuff of science fiction but could be commercially available by the end of the decade. The latest talks on the matter among roads officials focused on how the vehicles will record actions so the data can be used to reconstruct an accident in an effort to trace the cause.