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Volkswagen to take full control of Porsche

Volkswagen Group's decision to take full control of Porsche Automobil Holding SE's carmaking business is seen as positive by analysts. VW said it has agreed to buy the remaining 50.1 percent of Porsche SE's automotive business that it doesn't already own for 4.46 billion euros ($5.54 billion), ending a seven-year takeover saga that divided two of Germany's most powerful families. The agreement means Volkswagen can now fully fold the Porsche automaking business into its stable of brands, which range from Audi and Bentley sedans to Skoda and Seat volume models and Ducati motorbikes.

New ‘flash-for-cash’ insurance scam warning

Newspress Motorists are being warned about the rise of a new type of ‘crash-for-cash’ insurance scam dubbed ‘flash-for-cash’, which involves criminals flashing their headlights to let innocent victims out of side roads, then driving straight into them. Flash-for-cash incidents are said to be costing the UK car insurance industry £392 million a year – which means the scam is adding as much as £50-£100 to every ordinary driver’s insurance policy. Car insurance – scams and mythsMassive car insurance fraudsCompare car insurance As with better-known cash-for-crash schemes, where a criminal deliberately brakes their car for no reason so the person behind crashes into them, the major problem with tackling this kind of crime is that it’s difficult to prove.

Honda Insight ramps up left-handed models to meet U.S. demand

Honda's new Insight hybrid hatchback has been on sale barely a week in the United States. But the company's sprawling plant here is already churning out 600 a day. And about half of the sleek-silhouetted Insights rolling down Suzuka's Line 1 have left-handed steering wheels, attesting to Honda's optimism for booming business in North America.