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Volvo could be heading East

Actually, it could be going absolutely anywhere a bid can be found. As we reported last week, Ford is trying desperately to unload its last remaining prestige marque – Volvo. And, as we thought, the disposal of Volvo by Ford is said to be a condition of the help that Ford, along with the other main US car makers, is begging from the US government.

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.

Tesla gives away its electric car secrets for free

Tesla Elon Musk, the CEO of the pioneering electric carmaker Tesla, has announced that the company is to "open source" all its technology patents in order to speed up the progress of electric car development. In an extraordinary press statement entitled 'All our patents are belong to you' – a reference to online memes and gaming culture, in case you were wondering – Musk has categorically stated that Tesla will not challenge any company that takes advantage of its technology when building rival electric cars.   Tesla gives away electric car technology: will not sue Having recently reviewed the Tesla Model S, this sounds great news for the future of the electric car, but commercial suicide for Tesla as a business.