Lotus sports cars will be assembled in China, a dramatic turnaround plan revealed.
The Norfolk business with about 1,000 UK staff was sold as part of its Proton parent to Geely Holdings, who also own Volvo and London Black Cab taxi makers, but it’s not known what will happen to the existing Hethel plant.
Volkswagen Group has agreed to buy back some diesel cars in Germany equipped with illicit emissions software after deciding not to appeal a court ruling backing plaintiffs’ calls for compensation, reports Automotive News Europe.
Rulings by the regional courts of Arnsberg and Bayreuth have become legally binding after VW decided to waive an appeal, the plaintiffs’ lawyers at Duesseldorf-based law firm Rogert & Ulbrich are reported to have said.
Average annual car insurance has risen by £90 during the last year to around £666.
This is an increase of just over 15% compared to a year ago – and a hike of more than five times the Consumer Prices Index rate of inflation at 2.9% in May, said Consumer Intelligence, but more rises are forecast as taxes work their way into new premiums.