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Beware valet parking insurance loophole

USING A VALET parking service could mean losing your car with no insurance cover. Drivers are being warned to check their insurance policies before handing over their car keys to valet parking attendants as more than half (51%) of the UK’s motor insurance policies do not cover this service. While valet parking companies provide insurance cover for their employees to drive your car, many insurance policies do not cover ‘damage to vehicle while in the control of valet parking staff.’ This means if your car is damaged or written off while it’s being parked or retrieved by valet parking staff, you could be left seriously out of pocket with no claim against the valet parking company.

2014 BMW M5 facelift leaked – by BMW’s own website

Fortunately, the BMW news specialists at BimmerPost were on the ball and managed to get some screen-grab photos of the new M5 before BMW realised their mistake, so we get to see what BMW has planned for the M5, and probably a guide to what the facelift for the rest of the 5-Series range will offer. The changes aren’t huge, and as far as we can see all that’s going on is a bit of influence from the M6 and 6-Series in general, with a new kidney grill that looks like the 6 Series, and a steering wheel looks like that on the new M6 too, together with the latest iDrive controller. The leaked images don’t tell us what BMW are planning under the bonnet of the facelifted M5, but it’s not too much of a stretch to expect a Competition Package for the M5 to give it similar clout to the new Mercedes E63 AMG S.

Saab gets approval for voluntary reorganization on appeal

...and Victor Muller smiles Victor Muller never says die, and the news that Saab has, after all, been granted the right to court protection from its creditors for a period of reorganisation has vindicated his stubborn refusal to give up on Saab. The Court of Appeal in Gothenburg has this morning overturned an earlier judgement by the District Court in Vänersborg which rejected Saab’s application to get the court’s protection during a period of ‘reorganisation’, which you can read as ‘Waiting for the dosh to arrive from China’. The news last week that Rachel Pang – a director of Pang Da, one of Saab’s putative investors – has come out in a very bullish way about the prospects for the investment by Pang Da and Youngman getting the final rubber stamp from China’s NDRC in Beijing won’t have harmed Saab’s case one bit.