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Call for reform over road repair funding
Fri, 06 Jun 2014FUNDING patterns mean most road maintenance is being carried out in "less-efficient, cold and wet" times, a report from a Government spending watchdog has said. The current pattern of funding, combined with the need to spend money within the financial year, means that most maintenance work goes on between September and March, said the report from the National Audit Office (NAO). It went on: "Although this is less disruptive for road users, it is less efficient than carrying out the work at other times of year because materials can be more difficult to handle in cold and wet conditions, and daylight hours are shorter." The report went on: "As a result of the additional funding for emergency repairs, which is made available at the end of the financial year, almost all highways authorities need extra capacity from the market at the same time, which makes it less likely that they will get value for money." The NAO report said there was a "lack of predictability" over road spending adding that historically, local highway authorities spent more revenue on maintenance, but were now carrying out fewer routine activities such as clearing gullies which are essential to preventing water seeping into roads' sub-structure.
Porsche Macan makes UK debut in Harrods
Fri, 17 Jan 2014The Porsche Macan has made its London and UK debut – in the window display of the world-famous Harrods department store. The new compact SUV will be on display in Harrods’ window until 5 February 2014, before formally arriving in UK Porsche dealerships two months later. On Bing: see pictures of the Porsche MacanPorsche Macan: 21 things we’ve learned Porsche says it chose Harrods not just because of the "cosmopolitan clientele" that frequent the Knightsbridge store, but also because the area is well known among enthusiasts hoping to spot some tasty supercars.
GM profits surge to $3.2 billion in first quarter
Thu, 05 May 2011General Motors on Thursday posted net income of $3.2 billion for the first quarter, its fifth straight quarterly profit since emerging from bankruptcy. Stripping out one-time charges and gains, including $1.6 billion in income from the March sale of GM's ownership in Delphi Automotive, GM earned $2 billion before interest and taxes. GM's net income for the January-through-March period a year earlier was $865 million.