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Volkswagen chief: No. 1 in the world by 2018

Volkswagen chairman Martin Winterkorn reaffirmed his company's ambitious and audacious goals on Wednesday night on the eve of the Paris motor show: pass Toyota and General Motors for the title of world's largest automaker in 2018. Winterkorn was the final speaker after an event that featured unveilings from each of the German conglomerate's brands. He said his company wants to record total sales of 10 million in eight years, which would vault it pass the current levels of global leaders Toyota and GM.

GM recalls nearly 15,000 Buick LaCrosse, Chevrolet Impala sedans

General Motors is recalling about 15,000 vehicles to fix two problems--reprogramming the electronic stability control in some 2012 Buick LaCrosse cars and rerouting the power-steering hose on the 2012 Chevrolet Impala. The automaker is recalling 10,344 Impalas to reroute the upper power-steering house that could fail because of heat from the catalytic converter. As a result, the hose sprays fluid over the catalytic converter, causing smoke and potential fire.

Average cost of car insurance down 12.5%

The average cost of insurance is now 12.5% lower than it was a year ago, thanks to new EU rules on gender equality. That’s according to over four million quotes analysed on Confused.com. On Bing: see pictures of male drivers Women and car insurance – all the facts The rules, introduced at the end of 2012, said a person’s gender shouldn’t affect their insurance premium.