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Here's the former Ukrainian president's car collection

Just a couple days ago, the world media and some bewildered journalists got a glimpse of now-departed Ukrainian president Viktor Yanukovych's villa on the Dnieper river, called Mezhyhirya. The sprawling and not-particularly-tasteful residence rests on a 345-acre lot of real estate (a little over half the size of Monaco) and features a golf course, a zoo, and an artificial lake with a ship resembling something out of Disney's "Pirates of the Caribbean" theme park ride. And it also boasts an impressive collection of about 70 cars and motorcycles.

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.

Fiat previews the 500X small crossover

Fiat gave an unexpected sneak preview of a crossover variant of its 500 minicar. The model, which will be called the 500X, will go on sale in Europe in early 2014 and shortly after in North America. Fiat brand global boss Olivier Francois showed a full-size styling model of the 500X during the media launch on the 500L small minivan in Turin, Italy, on July 4.