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Tata Nano (2008): first official pictures

By John Sootheran First Official Pictures 10 January 2008 09:33 Shove over a bit Henry Ford, Ferry Porsche and Alec Issigonis, because as of this morning there's a new entrant for the People's Car Hall of Fame. The first day of the Indian Auto Expo 2008 in Delhi, saw Ratan N Tata (yes, the fella who's leading the bid for Jaguar and Land Rover) reveal his much vaunted 'one lakh' car (that's 100,000 rupees or a measly £1300). Despite being the Chairman and CEO of one of the world's biggest corporations, Ratan Tata admits to being a nervous presenter, so much so, that the initial information was presented by his hologram! When he did appear, it was behind the wheel of one of three 'one lakh' cars being driven onto the stage. The 3000-strong audience of press and VIPs went beserk amid scenes of euphoria last witnessed at the Clinton comeback in New Hampshire.

GM names marketing vice president

General Motors said it has hired Joel Ewanick as vice president, U.S. marketing, effective May 24. Ewanick, 49, will report to Mark Reuss, president, GM North America.

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.