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Infotainment in cars could get a boost from backup-camera mandate
Tue, 21 Feb 2012A federal mandate to require backup cameras in all vehicles, expected Feb. 29, will be a bonanza for suppliers of collision-avoidance equipment. But the mandate also could provide an unintended boost to the infotainment industry.
Driving licence costs to be cut by almost a third
Mon, 28 Jul 2014The cost of a driving licence is going down Actually the cost of applying foe a driving licence is a drop in the ocean compared with just about every other motoring cost, but the news that the Government are planning to cut the cost of anything is always welcome news. The Roads Minister, Stephen Hammond, has announced that the Government is planning to cut the cost of applying for your first driving licence from £50 to £34 if you process your application digitally and by 15 per cent if you do a paper application. That will also see the 10 year renewal of photo licences fall from £20 to £14 and driver tachograph card – for commercial drivers – will also drop from £38 to £32.
Bondholders snub GM, bankruptcy filing likely
Wed, 27 May 2009Nowhere near enough General Motors bondholders agreed to exchange their debt for stock before a midnight Tuesday deadline, making a bankruptcy filing by the automaker highly likely. GM had set a threshold of 90 percent of the $27 billion in bond debt it wanted to exchange for 10 percent of the stock in a reorganized company for the deal to take place. In a statement Wednesday, GM said the amount of notes tendered was substantially less than the 90 percent target.
