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GM, Ford roll out protection plans for car buyers

General Motors is following Hyundai and Ford in offering protection for car buyers who lose their jobs. A plan announced Tuesday morning called Total Confidence offers up to nine payments of up to $500 each if a car buyer loses his or her job in the first 24 months after the purchase. The plan covers loans and leases.

Rinspeed microMAX [w/video]

Rinspeed has previewed its microMAX commuter vehicle concept ahead of its debut at the upcoming Geneva motor show, where it aims to blur the boundaries between cars. taxis and busses. The prototype, measuring in at 3,700mm long and 2,200mm high, is designed to flexibly offer the benefits of both personal and public transport to those driving themselves to regular commuters in carpools – as shown in the delightfully cringe-inducing promo video photos.

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.