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Qoros GQ3

The Qoros GQ3 has been revealed ahead of its Geneva show debut in March. The GQ3, a C-segment saloon set to rival the Skoda Octavia, was designed by Gert Hildebrand and his design teams in Shanghai and Munich. The front face features wide headlights that extend into the sides framing a broad grille, a template that will be continued on future Qoros models.

Car insurance premiums 'too high'

CAR INSURANCE premiums are too high and should be reduced through far-reaching reforms, the competition watchdog said today. The Competition Commission believes that too many drivers are footing the bill for unnecessary costs incurred during the claims process following an accident. These costs are initially borne by the insurers of at-fault drivers, but they feed through into increased insurance premiums for all drivers.

Pininfarina family to lose control of company

The Pininfarina family is set to lose its controlling share stake in the company as it takes a step closer to restructuring its €76 million net debt. The Italian design firm, founded in 1930, has been plagued with debt in recent years, shutting its manufacturing branch in 2011 to concentrate purely on design, ending a joint venture with Volvo that saw the company assemble Volvo's C70. The move is seen as a positive one for the company in the long-term, making it more financially secure for future developments, but it also means that the Pininfarina family will lose control of the company by selling its 77 percent share.