Petrol prices: will the world react?

Petrol prices: Will the world react?

Growing pressure for the release of strategic oil reserves to calm world oil markets, with reports the White House is preparing for the move

Live updates

Russian 'ghost car' causes accident at junction

A 'ghost car' apparently appearing from nowhere and causing a crash at a junction in Russia has left observers baffled.

The incident was captured on a Russian dashboard camera and shows a black car strangely appearing at the front of the vehicle in front before driving off.

The driver who filmed the episode then hit the car glanced by the first vehicle.

The video, uploaded two weeks ago, has amassed over 1 million views, with many people unsure how the car appeared there.

'Rambo Lambo' off-roader to sell for £100,000

A very rare Lamborghini off-roader dubbed the "Rambo Lambo" is expected to sell for more than £100,000 at auction.

The off-road 'Rambo Lambo'. Credit: SWNS

The 1987 Lamborghini LM002 off-road beast will be on display at Bonhams’ annual auction held at the RAF Museum in Hendon on April 28.

The interior of the very rare Italian 4x4. Credit: SWNS
The engine of the 'Rambo Lambo'. Credit: SWNS

Advertisement

Vauxhall boss: 'Good times are back' in car sales boom

The boss of Vauxhall has welcomed a boom in new car sales in the UK and has said it showed "the good times are back".

With figures for March at their highest for 10 years, Vauxhall's Tim Tozer said it shows greater confidence in the economy.

But he insisted that there will not be be a return to boom and bust.

ITV Business Editor Joel Hills looks at the reasons behind the sales surge:

Read: Vauxhall UK boss: 'Good times are back' for the car industry

New car sales at their highest level for a decade

New data from the Society of Motor Manufacturers show new car sales in March were at their highest level since 2004.

  • 464,824 cars were registered in March, a 17.7% year-on-year rise
  • Sales in the first three months of the year up 13.7% compared to 2013
  • Second-highest monthly figure since the introduction of twice-yearly registrations in 1999

Vauxhall UK boss: 'Good times are back' for the car industry

Vauxhall boss: 'The good times are back' for car industry

The new head of car company Vauxhall has told ITV News Business Editor Joel Hills that "the good times are back" following an upturn in car sales.

8770f0d680420a759927c206792bba68_normal

"This is not a return to boom and bust". The new Chairman and MD of Vauxhall UK in his first interview. Watch @itvnews at 18:30.

8770f0d680420a759927c206792bba68_normal

New boss of Vauxhall UK tells @itvnews that surge in car sales due, in part, to surge in house prices but everything "under control".

8770f0d680420a759927c206792bba68_normal

Tim Tozer tells me "the good times are back". Car sales are "sustainable" and Vauxhall set to increase production at Luton and Ellesmere.

Advertisement

Honda job losses are 'a wake-up call for Government'

Unite described the expected loss of 340 jobs at a Honda plant in Swindon as "a devastating blow" and said that the fact people do not "have the cash to spend" should cause the Government serious concern.

These job losses are a devastating blow, not just for these workers but for the thousands more across the industry whose work is dependent on the Honda plant.

Today's losses are also a wake-up call to the UK government.

The economy is far too fragile to proclaim a recovery - those workers losing their jobs today will find claims that the country is turning a corner an insult.

The truth is that there is simply no pick up in the incomes of Honda's customers, either here or in the eurozone.

– Tony Murphy, national officer of the Unite union
Load more updates

Advertisement

Today's top stories