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Senate releases $350 billion more in bailout money
Fri, 16 Jan 2009The Senate voted Thursday to release a second round of $350 billion in federal aid to rescue financial institutions. The money could be the source of additional loans to automakers, auto finance companies and perhaps suppliers. An earlier allocation of $350 billion funded the first installments of emergency loans to General Motors and Chrysler LLC.
'Crash for cash' scams soar by 51%
Wed, 18 Jun 2014THE NUMBER of "crash for cash" car insurance scams uncovered by a major insurer surged by 51% annually last year. Aviva said it had detected around 820 staged accidents in 2013, leading to some 2,200 fraudulent personal injury claims. It is pressing for tougher penalties and said that often, rather than being locked up, fraudsters end up being sentenced to community orders, which "do little" to deter them from re-offending.
Drivers of GM vehicles will be able to control car features via smartphone
Thu, 22 Jul 2010Drivers of most 2011 General Motors Co. vehicles will be able to use a smartphone to carry out functions usually found on a key fob -- such as remote starting, activating the horn and lights, and remote locking and unlocking of doors. Chevrolet, Cadillac, Buick and GMC, working through OnStar, are developing brand-specific mobile applications than can be controlled on Apple's iPhone and phones using Google's Android operating system.