The hopes that the budget might see a cut in fuel duty have been dashed. The Chancellor, George Osborne, announced that fuel duty would rise by 3.02 pence per litre fuel duty increase on 1 August as planned. He portrayed himself as being sympathetic to the motorist by saying that there would be no above-inflation fuel duty rises until oil fell below £45 per barrel.
The CEO of General Motors has told the Wall Street Journal that GM and PSA (Peugeot Citroen) will start development of two new cars by this autumn. The first car will be the size of a Corsa or 208 and will be for the South American market. The second one will be a large saloon (the next Insignia possibly?).
We are used to car companies talking up their plans for electric cars, but in a man-bites-dog speech, the boss of Volvo says it isn’t going to happen. Stefan Jacoby, the CEO of Volvo said in a speech in Brussels, that without significant help at a European level, electric vehicles will not take more than 1% of the car market in 2020.
