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A14 toll residents 'should be exempt'

RESIDENTS living near the UK's first proposed toll road in a decade should be exempt from payments, councillors have said. Drivers could be charged between £1 and £1.50 to travel along a new stretch of the A14 in Cambridgeshire, according to a consultation document published by the Highways Agency last month. The proposal comes after Chancellor George Osborne announced in the Autumn Statement that the Government would explore whether "in very limited circumstances" tolling could be used to fund significant new capacity on the country's roads.

Hyundai sees 10 percent mpg gain from its first direct-injection engine

Hyundai Motor Co. on Tuesday unveiled its first direct-injection gasoline engine, saying it delivers more power with a 10 percent improvement in fuel economy. The 2.4-liter engine, called the Theta II, will debut in the redesigned Sonata sedan, due in U.S.

Porsche chief Wendelin Wiedeking resigns

Porsche chairman Wendelin Wiedeking has bowed to mounting pressure in announcing that he will step down immediately. The resignation came Thursday, following a surprise meeting of the company's supervisory board at its Weissach R&D headquarters outside of Stuttgart, Germany, on Wednesday night. Wiedeking's announcement comes after months of tense and public infighting following Porsche's failed attempt to wrest control of Volkswagen, which left it with $12.7 billion in debt, and slowing sales in key markets such as North America.