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Call for bus commuter tax break

A NEW TAX allowance should be introduced so that firms can help staff pay for the cost of commuting to work by bus, a campaign group has urged. Greener Journeys said people on lower incomes were more reliant on buses as they were less likely to have a car. The group, which promotes sustainable travel, said a "bus bonus" scheme should be launched, arguing it would boost the economy and improve access to jobs.

Fisker teases Project Nina

Fisker has revealed a teaser image of what it is expected to be its highly-anticipated Project Nina. The Anaheim, California-based company promises to give a glimpse of what the future holds for the company at the New York auto show next month. Project Nina, the startup carmaker's second model line after the Fisker Karma.

GM's Lutz to retire May 1

General Motors Vice Chairman Bob Lutz plans to retire from the automaker effective May 1, according to a statement released by GM on Wednesday. Lutz, 78, had been serving as a senior adviser to GM Chairman and CEO Ed Whitacre after shelving retirement plans to take charge of the automaker's marketing after it emerged from bankruptcy in July 2009. An outspoken executive who both challenged global warming and championed GM's all-electric Volt, Lutz is credited with revitalizing GM's product development efforts after being hired by former GM CEO Rick Wagoner in 2001.