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RM Meadow Brook auction tallies $5.4 million

A 1935 Auburn 851SC Boattail Speedster led the way at an auction held in conjunction with the Meadow Brook Concours d'Elegance, selling for $462,000 as the event raked in a total of $5.4 million. The Auburn was intricately restored and just the ninth version built. It was originally a show car at the Chicago auto salon.

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.

'Pressure growing' on UK's roads

PRESSURE is growing on England's major road network in "this very cramped and busy island", the Highways Agency boss has told MPs. The network has not changed much in the last 20 years, the agency's chief executive Graham Dalton told the House of Commons Transport Committee. The strategic road network - motorways and major A roads - is vital for everyday business, he said.