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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.

Volkswagen prices 2014 Passat 1.8T

Volkswagen is debuting a new engine in its U.S. lineup, a 1.8-liter four-cylinder turbocharged and direct-injected TSI engine known internally as EA888, and the first car to receive it will be the 2014 Volkswagen Passat. The Passat will stay the same on the outside for the 2014 model year, but the new 1.8-liter engine promises to deliver as much power as the outgoing 2.5-liter engine it is replacing, 170 hp, while gaining seven more lb-ft of torque for a total of 184 lb-ft.

Lotus for Sale? Proton advised to sell Lotus Group International

Are Proton about to sell Lotus? Analysts are advising Proton – owners of Lotus Group International – to divest itself of the loss-making Lotus. It was always difficult to see any sort of synergy between budget car maker Proton and Lotus.