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Budget hits gas-guzzlers

By Ben Pulman Motor Industry 03 June 2007 02:00 Gordon Brown’s budget didn’t throw up too many surprises; after all, we expected him to take more money out of the motorist’s pocket. Below are the changes due over the next three years. An increase of 2p per litre this year, 2p in 2008-09, and 1.84p in 2009-10.

Volkswagen Passat CC at Detroit show 2008

By James Foxall First Official Pictures 14 January 2008 03:26 The Volkswagen Passat CC might look like the bastard offspring of a shady encounter between a Phaeton and a CLS, but the German firm is hoping the new Passat spin-off will attract buyers after premium car style for a relatively affordable price. When it hits UK showrooms in late summer 2008, expect the four-seat, four-door CC – it stands for Comfort Coupe – to have a sticker price starting at around £19,000. This will make it less than half the price of its most affordable rival, the Mercedes CLS.

Mandelson to announce help for car makers

Lord Mandelson is the man charged with finding ways to fund UK Car purchases (yes, he of the dodgy mortgage debacle – at least he should know a few tricks!) as the credit crunch has dried up funding, leading to an unprecedented drop in new car sales in the UK. Mandelson is due to make a statement in the Lords just after 3pm today, outlining the help the government is going to offer to ailing car makers. Central to this package is expected to be a funding channel directly from the Bank of England to inject liquidity in to the car financing sector.