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GM lobbyist Ferguson named global head of Cadillac
Tue, 09 Oct 2012General Motors has appointed its chief lobbyist to the newly created post of global Cadillac chief, a step aimed at transforming the American luxury brand into a strong worldwide player. Robert Ferguson, 53, who has been GM's vice president of global public policy, becomes vice president of global Cadillac. He reports directly to GM CEO Dan Akerson, the company said today.
Tesla Model S outselling Chevrolet Volt & Nissan LEAF
Sat, 27 Apr 2013Tesla never managed to make any money out of their electric Lotus – the Tesla Roadster – but it does look like they’re on to a winner with their electric executive saloon, the Tesla Model S. Despite moans that the headline-grabbing sub-$50k Model S was never a reality – and a starting point of $70k – the Model S looks set to outsell the two most successful ‘alternatively fuelled’ cars – the electric Nissan LEAF and the range extender Chevrolet Volt – in the first quarter of 2013. Sales of the electric Nissan LEAF, which costs from $29k in the US, in the first quarter of 2013 were 3,965 units and the Chevrolet Volt, which costs from $40k, sold 4,421 units.
Car insurance cost at four-year low
Thu, 10 Apr 2014THE COST of insuring a car has fallen to a four-year low as motorists benefit from a record 19% drop in average premiums compared with a year ago. The Confused.com car insurance price index, in association with Towers Watson, reveals the average cost of comprehensive car insurance in the first quarter stood at £596, a drop of £140 against this time last year. The figure, including a reduction of 7.5% on the previous quarter, means that average premiums have dipped below £600 for the first time since late 2009.