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2014 fuel duty rise cancelled

Chancellor George Osborne has confirmed in his Autumn Statement that the proposed 2014 fuel duty increase has been cancelled. This means the scheduled 2p increase in tax on every litre of petrol will now no longer happen. On Bing: see pictures of petrol prices Tax disc to be scrapped after 93 years This fuel duty increase was due to come into effect on 1 September 2014, but thanks to savings elsewhere in public finances the government has called it off.

SPD offers scholarships for autumn program with Volkswagen Group

The Scuola Politecnica di Design is giving away eight scholarships for its autumn program in collaboration with the Volkswagen Group. The scholarships are aimed at students with degrees in transportation or car design, automotive engineering or equivalent degrees that show a high level of potential. The successful eight students will be given scholarships and will begin their studies at the Milan-based SPD on October 24. The awarding of the scholarships will be decided by a ‘motivational interview', an evaluation of the student's portfolio and the submission of a conceptual project assignment, with the election process being conducted jointly by the SPD and Volkswagen.

Norwegian EV maker Think files for bankruptcy

Tiny electric car maker Think Global AS filed for bankruptcy today in its home market of Norway after attempts to keep the company going through recapitalization and restructuring failed, the company said in a statement. It is the fourth time Think has collapsed financially in its 20-year history. "We needed some additional funding and although we had interested investors they were not able to come to the table quickly enough," Think spokesman James Andrew told Automotive News Europe.