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Insurance changes to make shopping around easier
Fri, 11 Jul 2014DRIVERS renewing their car insurance could find it easier to shop around or haggle for a discount under new proposals set out by insurers. The Association of British Insurers (ABI) said it has written to the City regulator, suggesting that new minimum standards of information should be set across the market. The standards would mean that renewal documents for motor and home buildings and contents insurance would include the premium that the customer started the year paying alongside their renewal quote, so that they could be compared more easily.
Fisker, Energy Department face tough Congressional hearing on federal loans
Thu, 25 Apr 2013Struggling Fisker Automotive took a bludgeoning Wednesday on Capitol Hill from top congressional Republicans who compared Fisker to failed automotive startups of the past and lambasted the Department of Energy for allowing the electric-car producer to draw down nearly $200 million in taxpayer-funded loans. House Oversight Chairman Darrell Issa, R-Calif., told Fisker founder Henrik Fisker that he will be remembered fondly for his design work for BMW and Aston Martin. But he compared Fisker to Malcolm Bricklin, John DeLorean and Preston Tucker -- three entrepreneurs known for their failed startup car companies.
Cadillac CUE infotainment system to arrive in 2012
Wed, 12 Oct 2011Cadillac has lagged the industry in infotainment, but that will change next year. While Ford has touted MyFord Touch, and the imports various infotainment systems, General Motors spent the past 30 months developing CUE, short for Cadillac User Experience. The infotainment system's simplicity might remind users of an iPod Touch screen.