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Jaguar slashes prices – in Australia

Jaguar has slashed prices across its range in Australia – by as much as £40,000 – as it fights for a bigger market share. But there’s also a feeling that all those years of protectionist import tariffs have inured Australians to the high price of luxury cars, and that car makers take advantage of that by keeping prices high, regardless of the level of taxes imposed on their products. That means something like a Rolls Royce Phantom costs £650k and a Porsche 911 starts at £150k.

Tesla Roadster: Reports of total battery failure – cost to replace £25k

Batteries on Tesla in danger of complete failure It’s reported that the batteries on the Tesla Roadster are being destroyed if the car is left to completely discharge. Cost to replace is £25k. We’ve long questioned just how reliable batteries in electric cars will be in the long run.

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.