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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.

GM covers partial repair cost for defective fuel-level sensors

General Motors has said it will cover half the cost for repairing defective fuel gauges in 2005- through 2009- model-year Chevrolet, Buick, GMC and Saab 9-7X sport-utility vehicles. GM's agreement to pay half the repair costs puts an end to the National Highway Traffic Safety Administration's probe, opened earlier this year. NHSTA was checking into reports that the gauges showed there was more gas in the tank than there actually was.

Jaguar F-Type Tour de France Concept (2014)

By James Clark First Official Pictures 21 July 2014 10:30 Jaguar’s new Special Vehicle Operations team has built an F-Type R Coupe to act as a support car for Team Sky on stage 20 of the 2014 Tour De France. The injured Chris Froome, who crashed out of the Tour earlier this month, is hoping to be onboard this weekend as he cheers on the rest of his Sky teammates. By a mile.