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McLaren 12C production ends – killed off by the new 650S

The McLaren 12C bites the dusts – killed off by the new 650S When the new McLaren 650S was revealed in February, we commented that we expected the McLaren 12C to quietly disappear. And it has. To start with McLaren simply halted production of the 12C to concentrate on building the new 650S, but now they say it won’t be restarted as the McLaren range ‘evolves’.

Two million drivers risk insurance fraud

MORE THAN 2 million drivers in the UK could be at risk of committing insurance fraud by claiming they are the main driver on a policy when someone else uses the car. As many as 6% of the UK’s drivers are risking invalidating their insurance by letting someone else drive the car for most of the time despite claiming they are the principal driver. Known as ‘fronting’, this kind of insurance fraud is common among parents helping their children to get cheaper car insurance.

Jaguar Land Rover – Clever Finance Deal

JLR releases £170 million by financing cars in transit Car makers have been begging lines of credit from wherever they can in the last year as the recession has bitten hard in to their finances. Jaguar Land Rover started off down the Government Loan route, but it soon became clear that the strings attached to any Government sourced finance where unacceptable. But in a sign that the future of JLR looks pretty rosy JLR managed to secure £175 million in private financing back in August as part of a bid to raise £500 million, and Tata have refinanced the loans used to acquire JLR.