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Crackdown on bogus claims helps insurance costs fall by 12%

CAR INSURANCE premiums have plunged at a record rate of 12% year-on-year amid a tougher clampdown to combat bogus motor accident claims which add to the costs of everyone's policies. The typical quote for annual comprehensive car insurance cover was £568 in October, marking a 4.5% drop on July and a 12.4% fall on a year ago, according to the latest AA Insurance premium index, which takes the average of the five cheapest quotes on the market. This is the biggest annual slide that the AA has on its records, which go back to 1994, and marks a sharp turnaround for motorists following a period of strong increases, with premiums rising by more than 40% just two years ago.

Akio Toyoda named Toyota president amid global crisis

Akio Toyoda, scion of Toyota Motor Corp.'s founding family and now its next president, will bring a U.S. perspective to the automaker as it battles falling sales and an unprecedented financial crisis. Toyoda, 52, will succeed current President Katsuaki Watanabe in June, the company said Tuesday, ending weeks of speculation.

Audi R8 LMX – the most powerful R8 yet – costs from £160,025

The Audi R8 LMX (pictured) is the first production car with laser lights The new Audi R8 LMX is actually the most powerful R8 road car Audi has produced, but they seem keener you know that it has laser beam headlights. But that’s because they’ve beaten BMW to the punch on the laser front. As a run-out version of the current R8, the R8 LMX has a lot to offer, with more power, more toys, a hefty price tag and a debut in the UK at the Goodwood Festival of Speed next month.