financial news

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 […]

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 […]

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 […]

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 […]

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 […]

The European Investment Bank (EIB) could recall millions in loans made to Volkswagen over its involvement in the ongoing diesel emissions scandal. Werner Hoyer, chief executive of the EIB, said […]

Vauxhall in partnership with young driver insurance specialist ingenie has extended its industry-leading insurance offer on selected ADAM and Corsa models. Young drivers (18- to 20-year-olds) could take advantage of […]

British luxury carmaker Aston Martin has announced that it is planning on cutting jobs as part of a company restructuring plan that will involve the company expanding into electric and […]

Younger drivers could see the cost of their insurance fall in the coming months, helped by growing numbers of ‘black box’ telematics policies, according to Comparethemarket.com. The comparison website said […]

German Chancellor Angela Merkel said she does not think that the Volkswagen emission scandal will hurt Germany’s image in the long-term. The chancellor admitted that the emission fraud committed by […]

The phone application market is continually expanding and thanks to a new app you can now get cheaper car insurance if your phone says you’re a safe driver. The free Octo […]

The UK’s financial regulator, Financial Conduct Authority (FCA) is considering a deadline for claims over mis-sold payment protection insurance (PPI). It expects that PPI customers would have until some time in […]