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Crash Fraud At Record High

CAR INSURANCE fraud is at a record high of £1.3 billion says the Association of British Insurers (ABI). This is a 34% increase over the previous year’s figures and is costing every household in the UK an extra £50 a year on their premium. Much of the fraud is due to ‘crash for cash’ incidents, where criminal drivers deliberately cause a collision with an innocent driver to claim for damage to their car and whiplash.

Fisker, Energy Department face tough Congressional hearing on federal loans

Struggling Fisker Automotive took a bludgeoning Wednesday on Capitol Hill from top congressional Republicans who compared Fisker to failed automotive startups of the past and lambasted the Department of Energy for allowing the electric-car producer to draw down nearly $200 million in taxpayer-funded loans. House Oversight Chairman Darrell Issa, R-Calif., told Fisker founder Henrik Fisker that he will be remembered fondly for his design work for BMW and Aston Martin. But he compared Fisker to Malcolm Bricklin, John DeLorean and Preston Tucker -- three entrepreneurs known for their failed startup car companies.

A look at Jaguar future products

Jaguar will launch the all-new F-Type roadster next year as a halo car for the English brand. The F-Type takes styling cues from Jaguar's iconic E-Type from the 1960s and is expected to compete with cars such as the Porsche 911, said Andy Goss, CEO of Jaguar Land Rover North America. "We have to make sure the F-Type has an emotional pull similar to the Porsche 911," Goss said.