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Big fall in insurance premiums

DRIVERS are set to be quoted happy after it was revealed that insurance premiums have fallen by more than 14% over the last year. The typical quote for annual comprehensive car insurance cover was £533 in January, which was also a record 4.6% slide on the previous quarter, according to the latest AA Insurance premium index, which takes the average of the five cheapest quotes on the market. The AA British Insurance Premium Index, which has been running for 20 years, found that the North West remains the most costly region to insure a car, with the average premium for someone who shops around standing at £809, although this region also saw the biggest price drop over the past quarter at 6.3%.

Exclusive: Honda to Close European Design Studios

In a surprise announcement, Honda has decided to close design operations in Europe, based in Germany. The decision to shut down both the car design and motorcycle design studios of Honda R&D Europe (HRE-G) in Offenbach, near Frankfurt was taken at the end of September and came as a shock announcement to employees. It represents the latest casualty in cuts for the car design community.

Renault Twin’Run gets 316bhp & pays homage to the Renault 5 Turbo

The Twin’Run is an extreme version of the next Twingo and manages to pay homage to the old Renault 5, with a thumping great V6 bolted in the middle and pumping out 316bhp and 280lb/ft of torque, enough to get to 62mph in 4.5 seconds and on to 155mph. The Nissan-sourced V6 gets mated to a SADEV six-speed sequential gearbox and comes with a limited slip diff to stop the tyres burning off when the going gets brisk. As well as endowing the Twin’Run with lots of power, Renault has also kept weight down to 950kg by using a tubular chassis, glass-polyester composite for the bodywork, lumps of carbon fibre and not a hugely laden interior.