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VW causes fall in Porsche profits
- 11/11/2015
- Posted by: Simon Wait
- Category: News
Profits at Porsche, which owns a controlling stake in Volkswagen, have plunged in the wake of the diesel emissions scandal at VW. Porsche's pre-tax profit more than halved to €1.19bn (£841m) for the nine months to 30 September. The luxury carmaker warned last month that profits would be hit by the [...] -
Young drivers underestimate cost of insurance
- 11/11/2015
- Posted by: Simon Wait
- Category: News
More than half of young drivers do not budget enough money to pay for their insurance in their first year of driving, new RAC research reveals. Fifty-six per cent of the 500 young drivers surveyed for RAC Black Box Car Insurance expected their first premium to be under £750 when the average insurance cost for [...] -
Tesla rival plans EVs for 2017
- 10/11/2015
- Posted by: Simon Wait
- Category: News
New US start-up company Faraday Future plans to start building electric cars by 2017, it has been revealed. Backed by a Chinese billionaire, the firm is set to take on Tesla Motors, starting with a one-billion-dollar investment in a new automotive factory. Faraday, which is based in California, US, is the latest [...] -
VW offers goodwill gesture in US
- 10/11/2015
- Posted by: Simon Wait
- Category: News
Motorists in the US affected by the Volkswagen diesel emissions scandal have been offered a goodwill gesture. VW’s offer will see customers in America receive vouchers and gift cards worth $1,000. In addition, the 482,000 motorists will be offered roadside assistance free of charge - providing they have had their [...] -
ADLV reports surge in licence checks
- 10/11/2015
- Posted by: Simon Wait
- Category: News
The ADLV (Association for Driving Licence Verification) has reported a surge in online commercial checking from vocational fleets following the abolition of the paper driving licence counterpart in July this year. Despite a slight reduction in the growth rate of checking immediately prior to the change, the rate [...] -
S&P raises Ageas Insurance rating
- 10/11/2015
- Posted by: Simon Wait
- Category: News
Standard and Poor’s (S&P) has raised the rating of Ageas Insurance Limited (AIL) to ‘A’ with a stable outlook, confirming confidence in the financial strength of the business. The announcement follows confirmation in May this year that S&P had granted AIL an A- rating with a positive outlook, [...] -
Euro NCAP tests AEB
- 10/11/2015
- Posted by: Simon Wait
- Category: News
European safety organisation Euro NCAP is introducing a new test that will check how well vehicles autonomously detect and prevent collisions with pedestrians. With new vehicles offering more autonomous driver assist systems, Euro NCAP’s Autonomous Emergency Braking (AEB) Pedestrian tests will make it simpler for [...] -
IMI to deliver MOT testing qualification
- 10/11/2015
- Posted by: Simon Wait
- Category: News
IMI, the leading awarding organisation for automotive qualifications, will be delivering new qualifications for DVSA MoT testers and MoT managers and continual assessment process across their network of IMI training centres. The new system will replace the DVSA scheme and will ensure all MoT Testers are trained [...] -
VW board agree on plan of action
- 10/11/2015
- Posted by: Simon Wait
- Category: News
The CEO of Volkswagen, Matthias Müller, and the chairman of the Group Works Council of Volkswagen AG, Bernd Osterloh, agreed on the further procedure for investment and capacity planning. A series of talks between the board of management and the employee representative body will take place over the coming ten days [...] -
Toyota to invest £1 billion in AI
- 09/11/2015
- Posted by: Simon Wait
- Category: News
Toyota announced at a press conference in Tokyo that it will establish a new company, Toyota Research Institute Inc. (TRI), as an R&D enterprise with an initial focus on artificial intelligence and robotics. The headquarters will be located in Silicon Valley near Stanford University in Palo Alto, California. A [...]