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GM cuts Facebook ad spending, but Ford steps on the gas

On the eve of Facebook's wildly anticipated initial public stock offering, General Motors said May 15 that it will stop buying advertisements on Facebook--about $10 million a year--but "remains committed" to the social network as part of "an aggressive content strategy with all our products and brands." In other words, GM will not pay Facebook for ads but will continue to maintain content, for which Facebook doesn't collect revenue. News of the decision was reported in The Wall Street Journal. But GM's position is far from universal.

Car insurance price fall is 'last hurrah'

THE PRICE of car insurance premiums is plunging, according to the AA. Average premiums fell 19.3% in the year ending June 30 2014 - the largest 12-month decrease since the AA index started 20 years ago. But the AA warned this could be the "last hurrah" for cheaper premiums and said the number of claims remained "stubbornly high" despite Government reforms to curb fraudulent injury claims.

WINTER BREAKDOWN EXPENSE FOR USED CAR OWNERS

SOME VEHICLE components are nearly three times as likely to fail during the winter months as in the summer leading to potentially expensive repairs for the owners of older vehicles, according to Warranty Direct. The specialist insurer and warranty provider analysed 50,000 live automotive policies and found that ignition coils are 283 per cent more likely to fail between December and February than between June and August. Fuel injection pumps, thermostats and a number of electrical components are also more likely to suffer in the cold leading to an average winter repair bill of £408.60, the company has warned.