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Stop buying new cars says government adviser

People should stop buying new cars and drive their old ones until they’re beyond repair, says a top government adviser. This news, reported by the Daily Telegraph, comes a day after we reported that new cars sales figures have hit a six-year high. On Bing: see pictures of scrap cars Find out how much a car over 10-years-old costs on Auto Trader Chief scientific adviser to the government’s energy department, David MacKay, said “car manufacturers love us to buy a new car every few years” and that Britain needs to end its throw away culture.

M25 speed cameras not switched on

Most speed cameras on the M25 have not worked for five years, according to a report in the Sunday People newspaper. Of the 117-mile stretch of London’s orbital motorway, only 3.2 miles between Junctions 2 and 3 in Kent is covered by working cameras. On Bing: see pictures of speed cameras Cars most likely to be caught speeding in the UK The cameras, which sit behind overhead gantries imposing lower speed limits during congested times, haven’t been switched on since they were installed in 2009.

Jaguar Land Rover – Clever Finance Deal

JLR releases £170 million by financing cars in transit Car makers have been begging lines of credit from wherever they can in the last year as the recession has bitten hard in to their finances. Jaguar Land Rover started off down the Government Loan route, but it soon became clear that the strings attached to any Government sourced finance where unacceptable. But in a sign that the future of JLR looks pretty rosy JLR managed to secure £175 million in private financing back in August as part of a bid to raise £500 million, and Tata have refinanced the loans used to acquire JLR.