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Mandelson to announce help for car makers

Lord Mandelson is the man charged with finding ways to fund UK Car purchases (yes, he of the dodgy mortgage debacle – at least he should know a few tricks!) as the credit crunch has dried up funding, leading to an unprecedented drop in new car sales in the UK. Mandelson is due to make a statement in the Lords just after 3pm today, outlining the help the government is going to offer to ailing car makers. Central to this package is expected to be a funding channel directly from the Bank of England to inject liquidity in to the car financing sector.

SEAT Ibiza ECOMOTIVE does 100mpg

Gerhard Plattner achieved almost 100mpg in a SEAT Ibiza ECOMOTIVE But when press release came in from SEAT this afternoon telling us that a SEAT Ibiza ECOMOTIVE has just achieved a run, on real roads from Barcelona to Germany, of 1,562km and used just 45.53 litres of fuel, we had to get our calculators out (we’re so old now we can only see the reality of the achievement in mpg!). By our reckoning the Ibiza managed just a shade under 100mpg. Astonishing.

Chevrolet to restore Covettes damaged in sinkhole disaster

Though we're very happy that no one was hurt when a sinkhole opened up beneath the Bowling Green, Ky. National Corvette Museum, the fate of the eight Corvettes damaged in the cave-in remained has remained unclear. Photos and footage of the incident show a few cars sitting on top of the rubble at the bottom of the 40-foot wide, 25 to 30-foot deep pit; others are presumably pinned under the debris.