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Car insurance market condemned by MPs
Fri, 04 Jul 2014CAR 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".
GM expands advanced-vehicle-technology center in California
Mon, 13 Jun 2011General Motors unveiled a new technical center dedicated to the development, maintenance and testing of alternative-energy vehicles last week in Torrance, Calif. The company has had local digs for years but recently leased the building next to its existing Advanced Technology Center for an alternative-energy research facility. It now employs a dozen scientists, technicians and engineers to advance the electrification of GM vehicles.
Hydrogen-powered Toyota FCV Concept revealed
Tue, 05 Nov 2013The Hydrogen-powered Toyota FCV Concept (pictured) revealed Toyota revealed last month that their latest take on a hydrogen-powered car would be revealed at this year’s Tokyo Motor Show. And here it is – the Toyota FCV Concept. The FCV Concept points clearly at Toyota’s first proper production fuel cell car – expected to hit Toyota showrooms in 2015 – and Toyota are keen we realise that, subject to a refuelling infrastructure, the hydrogen-powered FCV is just like owning a regular ICE car.