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UK's emergency Budget 2010: how it affects motorists

Chancellor George Osborne will make the emergency spending cuts on Tuesday 22 June By Tim Pollard Motoring Issues 21 June 2010 09:51 The new UK Government's emergency Budget tomorrow is likely to announce a raft of spending cuts and tax rises bound to affect motorists.  The new Conservative-Liberal coalition government is taking the unusual step of holding an emergency summer Budget to reduce the national deficit, which stood at £156bn in 2009-10. The senior Cabinet members signed off the details of the Budget on Friday, but the details won't be confirmed until Tuesday 22 June 2010.Here's our preview of what to expect if you're a car owner:VAT riseMost pundits agree that the rate of value added tax will rise from today's 17.5%. If raised to 20% – the upper limit expected – it could raise an extra £11 billion a year for Government coffers.

Mitsubishi GC-PHEV concept stars at the Tokyo Motor Show 2013

Mitsubishi has no less than three future-reaching concept cars on display at Tokyo 2013, and this is the biggest of all of them. It’s called the Concept GC-PHEV, and amongst many other things gives us a sneak peak at current thinking for the next-generation Mitsubishi Shogun. However, it also features a 3.0-litre supercharged V6 and a plug-in electric hybrid system, and a cabin with more touchscreens than your local electronics emporium.

Overhaul of Nissan GT-R includes power boost

The 2012 Nissan GT-R, which arrives in the United States next year, gets its biggest overhaul since the high-performance sports car was relaunched in 2007--with a premium placed on more horsepower and better fuel efficiency. Nissan Motor Co. boosts engine output to 530 hp, from 485 in the current model.