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Car insurance market condemned by MPs

CAR INSURANCE is a "highly dysfunctional market" in which firms' pursuit of profit has led to higher prices for consumers, a report by MPs has said. In some cases, business practices have not been in the consumer interest and have "inadvertently encouraged criminal activity", the report from the House of Commons Transport Committee said. There was no clearer example of this than "insurance firms' willingness to pay compensation for whiplash claims which they suspect are fraudulent without requiring the claimant to undergo a medical examination".

Porsche Macan to get a bolder look before launch

The Porsche Macan – the baby Cayenne – is to get a new, bold look before it launches in 2014, to make it better able to compete against the Range Rover Evoque. The Porsche Macan, Porsche’s baby Cayenne based on the underpinnings of the Audi Q5, is a big deal for Porsche. Having discovered that an SUV could revive their fortunes after they launched the Cayenne a decade ago, the smaller, lower-priced Macan should give both Porsche’s sales and profits a big boost.

Nissan hires Magna Steyr to build new entry-level Infiniti car

Nissan said Thursday that Austrian contract manufacturer Magna Steyr will build a new premium compact car for the Infiniti brand, starting in 2014. Infiniti boss Andy Palmer said in a statement that the car will help the brand to reach new consumers and grow in key markets such as western Europe. Nissan did not give any more details about the car or say whether it will be sold in markets outside Europe such as the United States.