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Insurers faced with changing strategies
- 19/10/2015
- Posted by: Simon Wait
- Category: News
New analysis from Frost & Sullivan, Impact of Automated Vehicles on Motor Insurance Market, has found that motor insurers will move away from the driver-centric insurance strategy to follow one or a combination of three models as automated vehicles become common: product-centric evaluation; brand-centric evaluation, [...] -
VW crisis may benefit system suppliers
- 16/10/2015
- Posted by: Simon Wait
- Category: News
Vehicle emissions-control system manufacturers such as Johnson Matthey and France's Faurecia are set to gain more from the scandal that Volkswagen is currently caught up in, investors say. VW needs to fix up to 11 million vehicles worldwide, and the scandal is likely to lead to tighter regulation for the automotive [...] -
EU car registrations up almost 10%
- 16/10/2015
- Posted by: Simon Wait
- Category: News
The rate of sales growth in the European Union (EU) passenger car market continued in September, with sales volumes once more rising by 9.8% year on year (y/y) to 1,356,868 units, according to the latest data published by the European Automobile Manufacturers' Association (ACEA). This lifted the year-to-date (YTD) [...] -
Surge in careless driving convictions
- 16/10/2015
- Posted by: Simon Wait
- Category: News
Newly released figures show that more than 17,000 drivers have been convicted of careless driving in the space of just two years. New powers were granted to the police in August 2013, allowing them to issue on-the-spot fines to motorists who put the lives of other road users at risk - and since then the number of [...] -
Zurich group to cut 500 jobs
- 16/10/2015
- Posted by: Simon Wait
- Category: News
Zurich Insurance Group plans to cut up to 10%, or 500 jobs, from its 5,500-member workforce in Germany over the next two years as it consolidates operations, according to Reuters. A company spokesman in Germany said the programme was limited to Germany and sought to cut costs at a time the company was investing [...] -
Report forecasts increase in jobs
- 16/10/2015
- Posted by: Simon Wait
- Category: News
As many as 28,000 new jobs could be created in the UK automotive supply chain by 2020, according to a new forecast report from The Society of Motor Manufacturers and Traders (SMMT). The report, The future of UK automotive manufacturing in 2025 and beyond, identifies growth in vehicle manufacturing and a move to [...] -
Volvo develops innovative architecture
- 16/10/2015
- Posted by: Simon Wait
- Category: News
Volvo Cars is to extend its range of compact cars into new segments on its highly-innovative Compact Modular Architecture (CMA), a smaller but equally advanced version of Volvo’s acclaimed Scalable Product Architecture (SPA). The company’s first car on CMA is expected to be launched in 2017. Its introduction [...] -
VW boss says firm will recover
- 16/10/2015
- Posted by: Simon Wait
- Category: News
The newly appointed Volkswagen boss, Matthias Mueller, has said the company will recover from the diesel emissions scandal in two to three years. In a speech to managers he said the company needed to become leaner and take decisions more rapidly. The comments come as VW said it would recall 8.5 million cars in [...] -
Drivers struggling with cost of repairs
- 16/10/2015
- Posted by: Simon Wait
- Category: News
New research from Kwik Fit reveals that in the last two years more than four million car owners have had to keep their car off the road because they couldn’t afford repairs needed on their vehicle. With 21 million owners saying they have needed repairs in the last two years, this means that one in five (19%) have [...] -
Volvo unveils global electrification strategy
- 15/10/2015
- Posted by: Simon Wait
- Category: News
Volvo has announced one of the automotive industry’s most comprehensive electrification strategies in which plug-in hybrids will be introduced across its entire range. It will develop an entirely new range of electrified smaller cars and build a fully electric car for sale by 2019. As part of this new strategy, [...]