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Chevrolet six-month global sales highest in a century

Chevrolet saw 2.35 million global sales in the first six months of 2011--its best first-half mark in 100 years. The automaker credits the success of new small-car models for much of the growth, namely the Cruze compact, the Spark minicar, the Aveo/Sonic small car and the Orlando MPV. Chevrolet sales increased 14 percent in the United States from the same half-year period in 2010, with 286,499 more units sold.

Chancellor to ‘freeze fuel duty’ until 2015?

The 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.

Senate approves tax break for auto loan interest

The U.S. Senate voted on Monday to make loan interest and sales taxes on vehicle purchases deductible from federal income taxes. The proposal, championed by the National Automobile Dealers Association, was added to an economic stimulus bill under debate in the Senate.