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UK Government cuts car aid, EV grants at risk

By Tim Pollard Motor Industry 30 June 2010 15:48 Britain's business secretary Vince Cable today fired a warning shot across the bows of the car industry, saying that subsidies would end and warning that the pledged £5000 subsidy off the first electric cars was in peril.'Our starting point is very clear,' he told delegates at an automotive summit arranged by the Society of Motor Manufacturers and Traders. 'We've moved on from the era of subsidies. We just have to be realistic about what's affordable.'Cable said the new coalition Conservative-Liberal Government had not yet decided whether or how to implement the new low-carbon vehicle subsidies promised under Labour, which had set aside £250m in initial funding.'It is still actively under consideration,' said Cable.

Koenigsegg One:1 loaded up for the Goodwood Festival of Speed

The Koenigsegg One:1 ready to load up for Goodwood We revealed last month that the Koenigsegg One:1 – Koenigsegg’s new MegaCar – would be heading for its UK debut at the Goodwood Festival of Speed. But Koenigsegg – and it’s UK dealer, Supervettura – aren’t just turning up with a single One:1 static display. Oh, no.

Autoweek in review: Geneva previews, IndyCar troubles and Ram goes diesel

On Monday we talked about the 2014 Corvette Stingray and its place in Corvette history. We also checked out a used Porsche race car on Bring a Trailer and looked at which Formula One teams are not at risk of collapsing. We awoke on Tuesday to see video of a helicopter crashing during filming of “Top Gear Korea.” We looked at the interior of the McLaren P1 and saw some shots of the Alfa Romeo 4C before its reveal at the Geneva motor show.