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Carlos Ghosn's automaker mantra: Go big or you'll go away

Size matters in auto company survival, Renault and Nissan CEO Carlos Ghosn told an audience in Detroit on Tuesday. To cope with the escalating costs and scope of a global industry, successful automakers must complete a trifecta--be able to compete in every technology, every market and every segment, Ghosn said during a luncheon speech at the Detroit Economic Club “No 3 million-unit carmaker can make it,” Ghosn said, explaining why his Renault-Nissan alliance forged an alliance with Germany's Daimler AG. Competency in one or two of the three skills is not enough, and only very large companies can afford all three, he said.

Toyota NS4 Advanced Plug-in Hybrid Concept

The Toyota NS4 Advanced Plug-in Hybrid Concept marks another step in the recent revival of the company's design direction. Its silhouette is almost identical to the FCV-R concept unveiled in Tokyo, with a soft transition through hood, screen and roof, through to the high rear deck. This has become the visual identifier for hybrid cars of late.

Survey Highlights Reluctance To Shop Around For Best Insurance Deals

DRIVERS in the UK are missing out on saving £2 billion by not shopping around for the best insurance deal and simply going with their automatic renewal. This means 8.2 million drivers in the UK are missing out on saving and average of £222.66 each. A study has found 36% of drivers have been with the same insurer for three years or more and less than half of all drivers (46%) check their new quote against the previous year’s to make sure they are getting the best deal.