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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.

U.S. car sales surge 19 percent in May

All major automakers except Toyota reported double-digit U.S. sales gains in May, as the light-vehicle sales rate hit its highest level since December. Sales rose 19 percent from May 2009, marking the eighth-straight monthly increase, the longest such streak since June 2000, according to Bloomberg Data.

F1 2014: the six big engine questions

By Tom Clarkson First Official Pictures 14 March 2014 11:30 The workload has never been greater for Formula One’s 11 teams. They’re finalising preparations for the biggest shake-up in F1's technical regulations this century. A new engine formula for 2014 will see the current 2.4-litre naturally aspirated V8 replaced by a turbocharged 1.6-litre V6 with a much greater dependency on energy recovery (ERS).