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Daimler-Renault alliance approved, report says
Tue, 06 Apr 2010An international alliance between Daimler and Renault has been approved by the companies' boards and is set to be announced on Wednesday, Bloomberg is reporting. The pact would allow the German and French automakers to collaborate on a range of products, including small cars, commercial vehicles and engines. AutoWeek first reported on the alliance last week.
Bid to cut car insurance premiums
Thu, 12 Jun 2014THE 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.
Honda cuts 800 jobs at Swindon Plant
Fri, 11 Jan 2013Honda is cutting 800 jobs at its Swindon Plant as demand for cars across Europe weakens and moving to a single shift system. We’ve not had a huge amount of bad news in the UK car industry for some time, but Honda’s decision to cut 800 jobs at its Swindon Plant is a tough pill to swallow for the workforce. Honda blames ‘Sustained conditions of low demand’ in Europe for the swathing cuts in its workforce in the, but believes the move is necessary to protect the long-term future of Swindon.