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.

David Couthard Speeding fine for 160mph in a 30mph limit

David Coulthard drives the Red Bull F1 car across the Rajiv Ghandi Sea Link in Mumbai David has been driving the Red Bull F1 car at a week long celebration of F1 in Mumbai, India. Part of that celebration was a drive across the Rajiv Ghandi Sea Link in Mumbai, an integral part of Mumbai’s road link. And it was the final event in a week which included F1 cars showcased in Malls, engine start-ups and car assembly.

GM confirms Chevrolet Spark minicar is headed to the U.S.

The Chevrolet Spark minicar will hit U.S. shores, General Motors said on Thursday from an auto-industry conference in Traverse City, Mich. The Spark will be built in the first half of next year as a 2013 model.