business news

VW crisis may benefit system suppliers

Vehicle emissions-control system manufacturers such as Johnson Matthey and France’s Faurecia are set to gain more from the scandal that Volkswagen is currently caught up in, investors say. VW needs […]

Zurich group to cut 500 jobs

Zurich Insurance Group plans to cut up to 10%, or 500 jobs, from its 5,500-member workforce in Germany over the next two years as it consolidates operations, according to Reuters. A company […]

RAC launches Black Box Insurance

The RAC is rewarding motorists who prove they are safe drivers from this week with the launch of a Black Box Insurance scheme. Drivers can show how safe they are by installing […]

£570k fine issued against claims firm

Rock Law Ltd, based in Swansea, has been fined almost £570,000 for coercing clients into signing contracts, without giving them enough time to understand the terms and conditions before taking […]

Concern raised over basic hire rates

Concerns have been raised over the manner in which solicitors are providing evidence of vehicle rental rates (known as Basic Hire Rates) in disputed car accidents, according to a report […]

Insurance fraud uncovered by telematics

Insurance companies are now fighting fraudulent claims by using driving data and reports of journeys recorded in black boxes installed under car dashboards. For the first time, an insurer has been […]

Toyota unveils bold new environmental targets

With the aim of contributing to global environmental sustainability, Toyota has developed an ambitious set of goals to be achieved over the next 35 years. Addressing key global environmental issues […]

Solera sale to move forward

Solera has said that regulators have given early clearance for the insurance software provider to be taken over by private-equity firm Vista Equity Partners. The companies announced the agreement in […]

VW to cut investment by £750M

Volkswagen has said it will cut investment by €1bn ($1.1bn; £750m) a year as a result of the diesel emissions scandal. The troubled German carmaker said efficiency and technology would […]

Exported cars bring in £2.4bn

Car exports accelerated ahead in August, in a welcome boost for UK trade figures. The collective value of exported motors soared to a record £2.4 billion during the month, according […]

UK moves towards record vehicle production

The UK automotive industry is on course to break manufacturing records by the end of the decade, according to a new forecast report launched today by The Society of Motor […]

Opus drives fleet safety

Opus International Consultants has partnered with FMG, to introduce a full risk management programme for its fleet of cars and LCV’s. Opus turned to FMG, one of the UK’s largest […]