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Supermarkets Announce Fuel Price Cuts

AHEAD of the forthcoming Budget, two major supermarket chains have announced a welcome fuel price cut. The first company to show its hand was Tesco, which has announced a reduction in its petrol and diesel by 1p a litre. Asda then followed, with the supermarket giant taking up to 1p a litre off its petrol and up to 2p a litre off its diesel, pledging motorists would pay no more than 132.7p a litre for diesel and 126.7p a litre for petrol.

Traffic delays 'to last weeks'

DRIVERS at the beginning of the summer holiday getaway are being warned of weeks of delays on the roads. The first major jams will be on Friday July 25, and the five Saturdays that follow, starting July 26 and ending August 23, are expected to be the most congested days of the summer. From traffic information company Inrix, the warnings included forecasts that hour-long journeys on Friday could take up to 90 minutes.

Magna mulls Pininfarina takeover

Canadian-Austrian parts supplier Magna International Inc. is weighing a proposal to buy Italian design specialist Pininfarina S.p.A., three sources with direct knowledge of the matter told Automotive News Europe. Earlier this month, Pininfarina's quarterly earnings report disclosed that the company could be sold as soon as Dec.