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Urban gridlock costs economy £4.4bn

GRIDLOCK in urban areas is costing car-commuting households £4.4 billion a year, according to a report. Congestion in London accounts for £2 billion of the overall annual cost, the report by traffic information company Inrix and the Centre for Economics and Business Research (Cebr) showed. The report was compiled by studying congestion in the UK's 18 largest urban areas.

Mercedes-Benz slots 4 compacts for U.S.

Mercedes-Benz will launch four compact vehicles in the United States in the next three years with starting prices of $30,000 or below. The vehicles will include a production version of the A-class coupe concept shown last week at the New York auto show. Three variants of Mercedes' new-generation compact family also are headed for the United States.

Car insurance small print longer than Animal Farm

Aslan Alphan | Getty Images The small print on car insurance policies from a number of leading firms is longer than George Orwell’s novel Animal Farm, according to a consumer website. Fairer Finance waded through the small print of “every” car insurance policy, and found that the policy documents produced by Endsleigh, Sheila’s Wheels, Esure and M&S Bank run to more than 30,000 words. Less than a third read car insurance terms and conditions The highest word count found by researchers came from Endsleigh, with a grand total of 37,674 words in the small print.