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Crash Fraud At Record High

CAR INSURANCE fraud is at a record high of £1.3 billion says the Association of British Insurers (ABI). This is a 34% increase over the previous year’s figures and is costing every household in the UK an extra £50 a year on their premium. Much of the fraud is due to ‘crash for cash’ incidents, where criminal drivers deliberately cause a collision with an innocent driver to claim for damage to their car and whiplash.

Peugeot RCZ View Top: It’s an RCZ with a Venetian blind for a roof

Magna Steyr is showcasing its technology with the Peugeot RCZ View Top Concept featuring a roof made of folding glass panels. The USP of the RCZ is its Zagato-esque double-bubble glass roof, a daring (and expensive)  design feature for a modestly priced production car. But what the double-bubble roof does is give a little bit of extra headroom in the back of the RCZ which makes it just about useable for vertically challenged passengers.

GM posts $2.5 billion profit, led by North America

General Motors on Thursday posted a profit of $2.5 billion for the second quarter, led by strong results in North America. GM's net income for the April-through-June period nearly doubled from $1.3 billion in the year-earlier quarter. It was GM's sixth consecutive quarterly profit since exiting bankruptcy in mid-2009.