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Daimler and Renault-Nissan strike a global partnership

Daimler today struck a wide-ranging partnership with the Renault-Nissan alliance, in a deal that will usher in new jointly developed cars, shared technologies and a multitude of cost savings.  Cars such as the new 2014 Smart Fortwo will now be twinned with the next Renault Twingo, while the Forfour is set for a comeback and we can expect plenty of shared combustion engines and electric motors, borrowed platforms and jointly developed SUV tech across all three parties. And that's only scratching the surface of the possibilities opened up by this wide-ranging deal.

Hyundai recalls 2011 Sonatas for steering fix

Hyundai will recall about 139,500 versions of the 2011 Sonata in the United States for steering issues that could cause a loss of turning capabilities, according to Bloomberg News. Hyundai said there were fewer then 10 Sonatas, built between Dec. 11, 2009, and Sept.

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.