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Bid to cut car insurance premiums

THE COMPETITION WATCHDOG is proposing to impose a cap on replacement vehicle costs following motor accidents as part of a clampdown to help cut premiums for all drivers in the £11 billion private motor insurance market. The Competition and Markets Authority (CMA) said the cap on charges passed to the insurer of the driver who is at-fault in an accident for the cost of providing a replacement vehicle to the non-fault driver, would "more closely reflect the costs incurred and remove significant inefficiencies". The watchdog has previously found that the "complex chain" of claim costs following an accident collectively inflates premiums by as much as £200 million a year.

Saab 9-4X (2008) at Detroit

By Ben Oliver First Official Pictures 14 January 2008 16:51 Saab pulled the covers off its new 9-4X small SUV, which goes on sale early in 2009 to rival the BMW X3 and new Mercedes-Benz GLK. Although officially dubbed the 9-4X Biopower Concept, GM Europe’s advanced design chief Anthony Lo promised CAR Online: 'We’re not teasing you. This is pretty much the car you’re going to get.' Controversially, the new Saab won’t be built in Sweden, but in Mexico, where it will share a factory with the still-secret Cadillac BRX which it will closely resemble.

Caterham creator Graham Nearn dies

Britain has lost another of the champions of its specialist sports-car industry, Graham Nearn, who died on Oct. 24 at age 76. Originally a Lotus dealer, Nearn built a highly successful sports-car business around the lightweight two-seat Lotus Seven, which he bought from Lotus founder Colin Chapman in 1973.