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Chancellor to ‘freeze fuel duty’ until 2015?
Mon, 14 Oct 2013The chancellor of the exchequer, George Osborne, has announced that fuel duty will be frozen until 2015 – if the savings can be found to pay for it. The announcement came during a speech at the Conservative party conference, in which George Osborne said: “Provided we can find the savings to pay for it, I want to freeze fuel duty for the rest of this parliament.” The 2p-a-litre rise planned by the Labour government for September 2014 would be cancelled, continuing a freeze that has lasted two-and-a-half years already. But this is conditional on the treasury finding the funds to cover it.
Chrysler to axe a quarter of its staff
Fri, 24 Oct 2008Chrysler is to cut a quarter of its staff - up to 5000 jobs By Tim Pollard Motor Industry 24 October 2008 17:05 The credit crisis gripping the world's economy struck Chrysler again today – the car maker announced it would cut a quarter of its staff by the end of the year. Although exact figures haven't been issued yet, it looks like as many as 5000 jobs could be axed. Analysts in Detroit are seeing today's announcement as a sign that the possible GM-Chrysler merger being discussed could come to fruition.
BMW Concept M5 (2011) first official pictures
Mon, 04 Apr 2011This is the new BMW M5 super saloon. Or at least it's the BMW Concept M5, a show car that will be unveiled at this month's 2011 Shanghai auto show, and a preview of how the production M5 will look. Apart from the darkened wheels and lack of interior, this Concept M5 mirrors the real M5 almost 100%.