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Company drivers fail to have correct licence

FIVE IN EVERY 1000 company car, van and truck drivers in the UK does not have the correct licence to be at the wheel. With more than 5 million vehicles on the UK’s roads owned by companies, this means 5000 drivers either have the wrong licence or simply don’t have any licence at all. Research by the Licence Bureau has revealed the top five reasons for drivers failing to have the right licence for the vehicle they are driving.

Saab: Muller seeking €600 million Chinese Bank loan to placate GM

Saab €600 seeking million China Loan Victor Muller is seeking a €600 million loan from a Bank in China to allow Saab to survive and circumvent GM’s objection to Chinese ownership. We’re not sure if this is ‘Plan B’ or whether we’re way beyond that now. But the latest ‘Save Saab’ pitch from Victor Muller is to acquire a €600 million loan from a bank in China to save Saab.

Worrying insurance fraud trends revealed

AS MANY as two million motorists could be jeopardising their insurance by listing themselves as the main driver on a car that someone else covers more mileage in. The process, known as ‘fronting’, secures a cheaper insurance quote for the real main driver, who in many cases is young or has less no-claims discount, but it is illegal and could completely invalidate the policy and leave the drivers vulnerable to prosecution. Research from Privilege car insurance has revealed not only that the two million drivers could be risking more than they imagine, but also that around one million motorists are named as the main driver on insurance policies for cars they have never even driven at all.