Van insurance has increased 13.6% in the first half of 2022 for new business customers – with the more recent price jumps attributed to spiralling inflation. In the UK, the average quoted cost of van insurance is now £1,156 and all age groups have recorded double-digit increases to their motor insurance policies since the start of the year. A warning has gone out over a caller pretending to be … [Read more...]
Ghosn in French tax probe
French tax authorities have reportedly seized funds from Carlos Ghosn and his wife. He is under investigation in France for possible tax evasion during his last three years heading Renault and Nissan, according to media reports. Lawyers for Ghosn and French tax authorities have been discussing since the middle of 2019 whether the former CEO was a French resident during 2016, 2017 and 2018 after … [Read more...]
UK Automotive facing more losses in Brexit warning
Another 6,500 British automotive jobs in two car plants are on the line if the UK leaves the EU without a trade deal. Mini workers 4,500 jobs will be be diluted in Oxford and Ford Dagenham may shift diesel engine production to Europe if no deal is done. There will be knock on effects to the plants' UK suppliers and local economies as well. Honda has said it will close Swindon in a couple of … [Read more...]