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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.

McLaren F1 for sale – the best one in the world?

The McLaren F1 - NOT the 'New' car for sale - we're not allowed to show that picture! But with only 64 road cars made (plus the handful of LM models – which would set you back considerably more), and the ability to stand shoulder to shoulder with the modern ‘Best Car in the World’ title holder – the Bugatti Veyron – it should be no surprise that they fetch such high prices. And if any more McLaren F1s set on fire, as we reported recently, the ones left will all go up in value.

On this clear day, you can see Fritz Henderson’s General Motors

Fritz Henderson and the guy he replaced at the top of General Motors, Rick Wagoner, both speak Portuguese. But that may be where the similarities end when it comes to the words spoken by the former CEO and his newly elevated successor. In his first news conference as the head of GM, Henderson made it abundantly clear that he understands the forces that put him where he is and what they expect from him.