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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.

Toyota to premiere five concepts in Tokyo

Toyota is the latest carmaker to announce the contents of its show stand for the upcoming Tokyo motor show, with five new concepts being unveiled. The latest development of the Fuel Cell Vehicle (FCV) Concept will make its debut – previewing a production model that could launch next year – alongside concepts exploring the future of taxis and compact MPVs. We'll also see the introduction of the FV2 (Fun Vehicle 2) concept, which Toyota says is designed to capture its ‘fun-to-drive' philosophy, and the Aqua G Sports concept.

Chrysler sets the pace as industry sales climb 8 percent

U.S. light vehicle sales--led by Chrysler--rose 8 percent in October to an estimated 1.02 million units, matching forecasts and enough to keep the industry's rebound on track despite ongoing economic uncertainties. It was the eighth consecutive month in which U.S.