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Auctions America revitalizes former Kruse sale

Despite a few close calls and false starts, Auburn, Ind., remains a town where two large operators hold collector-car auctions at the unofficial end of summer. Worldwide Auctioneers continued at its regular space (though with a much larger sale), and the new kid down the street, Auctions America by RM, took over where Kruse had faltered. Auctions America held a successful rookie effort at the former Kruse Auction Park in Auburn.

Kia KV7 concept car (2011) at the Detroit auto show

Kia whisked the covers off the KV7 concept car at the 2011 Detroit auto show this afternoon. These are the first official pictures of the KV7, a spectacular gullwing people carrier that's as bamboozling to look at as an adventurous Korean lunch to a westerner. The Kia KV7 is an SUV-MPV crossover, designed at Kia's Californian styling studio.

Bid to cut car insurance premiums

THE COMPETITION WATCHDOG is proposing to impose a cap on replacement vehicle costs following motor accidents as part of a clampdown to help cut premiums for all drivers in the £11 billion private motor insurance market. The Competition and Markets Authority (CMA) said the cap on charges passed to the insurer of the driver who is at-fault in an accident for the cost of providing a replacement vehicle to the non-fault driver, would "more closely reflect the costs incurred and remove significant inefficiencies". The watchdog has previously found that the "complex chain" of claim costs following an accident collectively inflates premiums by as much as £200 million a year.