Victorian Speeding Fine Revenue Set To Top $500m, Hoons Now Prime Targets

Victorian Speeding Fine Revenue Set To Top $500m, Hoons Now Prime Targets

Victorian Police will target speeders and hoons more aggressively, with the Victorian Government announcing yesterday in the 2009 State Budget that it will be spending an additional $22.2 million to help cut the road toll by 30 percent by 2017.

But revelations that government revenue from speeding fines is expected to pass the $500 million mark [...]

Porsche: December Shutdown For Global Slowdown

Porsche: December Shutdown For Global Slowdown

It seems even the hideously wealthy are not impervious to hard times, as German powerhaus Porsche has announced it will cut production from December 22 to January 9, extending its annual Christmas shutdown by three days in response to the global economic slowdown.

“This is due to a difficult global economic situation, especially in the United [...]

Australian States Trialling Noise Cameras

Australian States Trialling Noise Cameras

Acoustic Research Laboratories, a company based in NSW, has developed a ‘noise camera’ for picking up vehicles that generate a lot of noise. You don’t need to be a brainiac to work out who will be its biggest customer.

The system uses a set of microphones and cameras to monitor and analyse sound activity. It drops background noise [...]

Porsche vs London Mayor Part 3

Porsche vs London Mayor Part 3

When it comes to cars in Australia, we put up with the short-sited revenue raising decisions of our politicians and there is narry a whisper from us. More speed cameras go in, more speed limits are reduced and more money fills government coffers but there is little or no change to road deaths.

Fuel prices rise [...]

Londons Mayor returns fire in petrol-guzzler tax war

Londons Mayor returns fire in petrol-guzzler tax war

Yesterday we reported on the $AUD46 fee that London Mayor Ken Livingstone intends slapping on drivers of ‘petrol guzzlers’ that enter London city. Mayor Livingstone intends to inject the revenue attained back into improved facilities for bikes.

Porsche, whose sports cars will likely be recipients of the new tax, hit back and wrote to the [...]

2007 a record breaking year for Ferrari

2007 a record breaking year for Ferrari

Ferrari has finished 2007 on a roll, reporting record breaking results that are unprecedented in the history of the marque. The icing on the cake was the success of their Formula One team which secured both the manufacturers’ and drivers’ championship titles. But, the real success lies within the ever indreasing popularity of their road [...]

Future of Melbourne GP in doubt

Future of Melbourne GP in doubt

The future of the Australian Formula One GP looks to be in doubt, either that or Bernie Ecclestone is painting a grim picture for the Melbourne based GP in order to keep himself on the front foot in the coming negotiations. According to Eccelstone, F1 isn’t even sure it wants to be in Australia and [...]

Maserati at the Frankfurt Motor Show

Maserati at the Frankfurt Motor Show

Maserati have sent us some wonderful pictures from their display at the Frankfurt Motor Show, where they are celebrating the past, present and future successes of the company.

Their display includes the historic Maserati 250F which Juan Manuel Fangio piloted to what has been described as the greatest Formula One victory in the history of the [...]

Jeremy Clarkson beats speeding rap

Jeremy Clarkson beats speeding rap

The speed cameras have finally caught up with Jeremy Clarkson. Clarkson has managed to keep his license clean for years despite driving some of the world’s fastest cars for a living.

Snapped doing 82mph in a 50mph zone, Clarkson was driving an Alfa Romeo Brera press fleet car on the A40 expressway in Ruislip.

Alfa forwarded [...]

GM post second quarter profit

GM post second quarter profit

General Motors announced overnight that it has posted a second quarter profit of $US891 million which is a fair chunk of good news given that a year ago they posted a $US3.4 billion loss.

In a similar vein to Ford who also announced a second quarter profit earlier this week, GM were assisted by the improved [...]

Ford Motor Co posts second quarter profit

Ford Motor Co posts second quarter profit

Ford has surprised industry analysts with some good news for a change. With seven consecutive quarters where they have posted losses the blue ovals star was definitely fading but the sceptics have been silenced with news of a second-quarter profit in 2007.

This time last year Ford reported a second quarter loss of $US317 million while [...]

Holden posts $146.56 million loss for 2006

Holden posts $146.56 million loss for 2006

Hot on the heels of Fords recent $40.3 million loss announcement comes a similar announcement from GM Holden but this loss is a little bigger…to the tune of $146.56 million for the 2006 calendar year.

Holden reported a similar loss of $144.6 million in 2005 which at the time was put down to VE Commodore development [...]

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