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Car insurance market condemned by MPs

CAR INSURANCE is a "highly dysfunctional market" in which firms' pursuit of profit has led to higher prices for consumers, a report by MPs has said. In some cases, business practices have not been in the consumer interest and have "inadvertently encouraged criminal activity", the report from the House of Commons Transport Committee said. There was no clearer example of this than "insurance firms' willingness to pay compensation for whiplash claims which they suspect are fraudulent without requiring the claimant to undergo a medical examination".

Aston Martin's race plans

By Ben Pulman Motor Industry 20 March 2007 04:54 It’s only just over a week since Aston Martin was sold, but today it confirmed plans to race at Le Mans. The DBR9 will return to the famous La Sarthe circuit in June. Perhaps this was inevitable, since Aston’s new non-executive chairman is David Richards - the chairman of Prodrive, which develops the DBR9 and its FIA GT3-spec sister car, the DBRS9.

GM's historic Willow Run plant closes

After 68 years of arming the nation and putting America on wheels, the Willow Run manufacturing plant in southeast Michigan closed on Thursday. The 5-million-square-foot powertrain plant, owned by Motors Liquidation Corp., the remnants of the former General Motors Corp., has fallen victim to GM's 2009 bankruptcy and subsequent restructuring. About 300 workers left at the plant will either “retire, transfer to another campus or go on layoff,” said Chris Lee, a spokesman for the reorganized General Motors Co.