• Concern raised over basic hire rates

    • 14 October 2015
    • Posted by: Simon Wait
    • Category: News
    Concerns have been raised over the manner in which solicitors are providing evidence of vehicle rental rates (known as Basic Hire Rates) in disputed car accidents, according to a report published today Concern over the honesty of evidence submitted in 61% of 196 court cases has been raised, a figure that the [...]
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  • Insurance fraud uncovered by telematics

    • 14 October 2015
    • Posted by: Simon Wait
    • Category: News
    Insurance companies are now fighting fraudulent claims by using driving data and reports of journeys recorded in black boxes installed under car dashboards For the first time, an insurer has been able to use the information from the black box technology, or telematics, to successfully prove in court that an [...]
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  • Solera sale to move forward

    • 13 October 2015
    • Posted by: Simon Wait
    • Category: News
    Solera has said that regulators have given early clearance for the insurance software provider to be taken over by private-equity firm Vista Equity Partners The companies announced the agreement in September, saying it was valued at $65 billion, including net debt The closing of the deal is still pending a vote of [...]
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  • VW to cut investment by £750M

    • 13 October 2015
    • Posted by: Simon Wait
    • Category: News
    Volkswagen has said it will cut investment by €1bn ($11bn; £750m) a year as a result of the diesel emissions scandal The troubled German carmaker said efficiency and technology would be the company's watchwords as it ‘repositioned itself for the future’ It added that all new diesel cars would be fitted [...]
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  • Exported cars bring in £2.4bn

    • 13 October 2015
    • Posted by: Simon Wait
    • Category: News
    Car exports accelerated ahead in August, in a welcome boost for UK trade figures The collective value of exported motors soared to a record £24 billion during the month, according to figures from the Office for National Statistics (ONS), up £600 million from July Production among car manufacturers in the UK is [...]
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  • UK moves towards record vehicle production

    • 13 October 2015
    • Posted by: Simon Wait
    • Category: News
    The UK automotive industry is on course to break manufacturing records by the end of the decade, according to a new forecast report launched today by The Society of Motor Manufacturers and Traders (SMMT) Annual car production is expected to pass the two million milestone by 2020 – breaking the current record of [...]
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  • EU could recall VW money

    • 12 October 2015
    • Posted by: Simon Wait
    • Category: News
    The European Investment Bank (EIB) could recall millions in loans made to Volkswagen over its involvement in the ongoing diesel emissions scandal Werner Hoyer, chief executive of the EIB, said the EU-wide lender was in the process of examining whether any of its funds had been used to help the company cheat [...]
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  • UK insurance premiums up 4.8%

    • 9 October 2015
    • Posted by: Simon Wait
    • Category: News
    Quarterly comprehensive car insurance premiums in the UK have increased by 48 per cent, the biggest rise since 2010, according to Confusedcom's car price insurance index The rise, which has been steady for the past year, pushed the average premium for an annual comprehensive car insurance policy to £629, the data [...]
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  • Vauxhall strengthens partnership with ingenie

    • 9 October 2015
    • Posted by: Simon Wait
    • Category: News
    Vauxhall in partnership with young driver insurance specialist ingenie has extended its industry-leading insurance offer on selected ADAM and Corsa models Young drivers (18- to 20-year-olds) could take advantage of £99 first year insurance on both ADAM SLAM and Corsa Limited Edition On the same models, those aged [...]
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  • Job cuts expected at Aston Martin

    • 8 October 2015
    • Posted by: Simon Wait
    • Category: News
    British luxury carmaker Aston Martin has announced that it is planning on cutting jobs as part of a company restructuring plan that will involve the company expanding into electric and ‘crossover’ sport utility vehicles Chief Executive Andy Palmer, who was appointed just over a year ago is deteremined to turn [...]
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