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.
Monthly Archives: March 2012
fuel duty to rise 3.02 pence per litre on 1 August
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.
Vauxhall and Peugeot to make joint designs by 2016
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?).
“Electric Cars will not take more than 1% of the car market in 2020!” says Volvo boss
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.Jaguar Land Rover to manufacture in China
Jaguar Land Rover JLR has officially confirmed it is planning to set up a joint venture to manufacture in China.It will work with Chery, one of China’s largest car manufacturers to establish manufacturing operations. The move had been widely expected: JLR’s Chinese sales have boomed from under 3,000 a year in 2005 to 42,000 a year by 2011.
Ford’s Budget Day fuel saver – 85 mpg Fiesta
Ford has chosen Budget Day to launch the new version of the Ford Fiesta ECOnetic. It emits just 87g CO2/km – meaning free road tax and no London Congestion Charge – with a combined fuel consumption of 85.6mpg.
