Fiat Chrysler Automobiles agreed to pay a $70 million fine, accept three years of additional oversight by an independent monitor and buy back more than 500,000 vehicles as part of a consent agreement to settle a U.S. government probe into 23 recalls since 2009. The $70 million cash fine is part of a potential $105 million civil penalty, the largest ever … [Read more...]
News
Society and underwriters must change attitudes towards driverless cars
The rise of autonomous and semi-autonomous cars will change the nature of car ownership and challenge the motor insurance market to develop new business models, according to the Lloyd’s Market Association. Speaking at an LMA event at Lloyd’s of London, David Powell, the LMA’s non-marine manager, outlined how advances in vehicle technology will result in … [Read more...]
Newslines
A little over two decades have passed since the groundbreaking Audi A8 was first introduced, and Audi UK is celebrating the enduring appeal of its luxury saloon with a bespoke model – the Edition 21. Incorporating a choice blend of the latest developments in design, technology and luxury from the recently revised A8 range, many of which are fitted as … [Read more...]
Summer sales lift the lid on convertible prices
Data from BCA, shows the link between rising temperatures and convertible car prices. As summer finally arrives, BCA revealed that average monthly sold prices for convertibles rose by around £250 in June to reach £9,828. “The used convertible market was slow to get going this year”, explained Tim Naylor, Editor of the BCA Used Car Market Report. “The … [Read more...]
Newslines
The number of motorcyclists killed or injured on roads in Wales has risen for the fourth year in a row and is at a seven-year high, official figures show. Incidents recorded by the police reveal 28 people died in 2014, up from 17 in 2013 and the total number of those killed, seriously or slightly injured in 2014 was 749 - the highest for seven … [Read more...]
Aston Martin reportedly looking at Welsh site for new factory
Conservative Prime Minister David Cameron has thrown his weight behind Labour Welsh Government plans to bring Aston Martin car production to South Wales. The Welsh Government has been courting AM for over a decade and narrowly missed getting them to open a plant in Rumney, Cardiff when they eventually picked Gaydon instead. Now AM is looking for a new … [Read more...]
Newslines
British car manufacturing delivered a strong performance in June with volumes up 5.4% over the same month last year, according to the Society of Motor Manufacturers and Traders. Figures show 143,759 cars were built in the month, with production for export (up 9.0%) outperforming that for the domestic market (down 7.1%) – a reversal of the trend seen in … [Read more...]
Extended MoT plan will also stretch fraud, warn security firm
Following news that the Government plans to consult on extending the MoT period from three years to four, HPI, provider of the HPI Check, warns that the risk of clocking fraud could significantly escalate. The new plans were announced in the budget, which prompted an industry backlash concerning the risk to consumer safety, if vehicles are left without … [Read more...]
Diesel prices u-turn might accelerate, but there’s bad news to come
The UK is about to experience its first ‘fuel price flip’ for 15 years – with diesel sold for less at the pumps than unleaded petrol – and the RAC believes there is the prospect of further price cuts in the coming weeks. Welcoming the decision by some of the major supermarkets to cut diesel prices, the RAC now hopes that more retailers will follow suit, … [Read more...]
Confidence stirs sales of new cars
European new-car sales increased by 8.4% in the first half of 2015, reports JATO Dynamics. Sales bounced back in June, with a rise of 14.6% compared to a year earlier, following a slowdown in sales during May. The European new-car market ended H1 2015 in good health, indicating that the slower sales in May being a downfall in an otherwise strong start … [Read more...]
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