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The Financial Times
General Motors has unveiled a new car-sharing brand just weeks after investing $500m in ride-hailing service Lyft, as big carmakers prepare for a future in which drivers no longer own vehicles. The new service — called Maven, a word used to describe connoisseurs who understand the latest trends — debuted this week in Ann Arbor, Michigan as a city-based car-sharing service.
Gasoline futures had earlier this week traded as low as $1.0005 — the weakest price in seven years.
But on Thursday, a weekly report from the US energy department showed domestic gasoline, or petrol, consumption was a robust 9.1m barrels per day, up nearly 600,000 b/d from a week before.
One of Britain’s most unapologetically pro-EU business groups has ordered a repeat poll of its members on the issue of staying in Europe as it believes some of them may be changing sides. The Society of Motor Manufacturers and Traders has been unremittingly behind those who argue that the UK should stay in the European Union.
That backing for a “yes” vote has been based on a 2014 poll of its members, which returned 92 per cent support for staying in the EU.
David Cameron has declared he will turn down any deal from the European Union that does not offer strong enough curbs on migration as he is in no hurry to hold the referendum. Speaking to business leaders at the World Economic Forum in Davos, Switzerland, the prime minister said he wanted talks to conclude in February but he was not prepared to take an inadequate deal just to get the referendum out of the way early. “If there’s a good deal on the table, I will take it,” he said. “But if there isn’t the right deal, I’m not in a hurry. I can hold my referendum any time up until the end of 2017.”