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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.
GM, Chrysler sales fall more than 40 percent; Ford, Honda also slip
Thu, 01 Oct 2009The biggest automakers posted some of the sharpest U.S. sales declines in September as demand dropped to its lowest level since April in the aftermath of the cash-for-clunkers program. The seasonally adjusted annual sales rate was 9.51 million units.
Nissan GT-R tweaked for 2009 with more power
Tue, 09 Dec 2008By Ben Pulman Motor Industry 09 December 2008 11:30 The Nissan GT-R still hasn’t gone on sale in Europe and it's already been treated to a few tweaks - new for 2009 will be more power, revised suspension, different wheels and tyres, plus a price hike. Quite, but the increase is a mere 5bhp, taking the output of Nissan's 3.8-litre twin-turbo V6 from 473 to 478bhp. Nissan says the extra grunt comes from the fine tweaking of the electronics, though torque remains unchanged at 432lb ft.
