Daily Motor News – Monday 14 October

Motor insurance falls for third consecutive quarter 

Car insurance fell by two per cent in the third quarter of the year, meaning premiums have now fallen for three consecutive quarters. According to the latest Confused.com Car Insurance Price Index in association with WTW, which is based on price data compiled from over six million customer quotes per quarter, average premiums fell by £21 from July to September. Full story

Geopolitics remain the biggest risk to business for UK CFOs 

Deloitte’s latest survey of UK Chief Financial Officers shows that corporate confidence edged lower in the third quarter of 2024, following a strong bounce in optimism after the General Election. Sentiment has fallen among CFOs, with a net six per cent feeling more optimistic about the financial prospects of their businesses now than three months ago, which was at net 23%. Full story

‘Lose-lose situation’ as personal injury claims plunge 

Personal injury compensation claims for crashes on Britain’s roads have plummeted, analysis of the latest Government data reveals. “The number of injuries on our roads has not gone down but there has been a huge drop in compensation claims,” said Mike Benner, chief executive of national not-for-profit campaign organisation the Association of Personal Injury Lawyers (APIL). Full story

Man arrested for alleged fake car insurance claims 

Officers from City of London Police have arrested a man in Bradford on suspicion of making fake car insurance claims. A spokesperson for the force said the man, 41, is alleged to have claimed about £140,000 fraudulently. Full story

CLEPA welcomes new UN Regulation on Driver Control Assistance Systems 

CLEPA, the European Association of Automotive Suppliers, proudly contributed to the development of the new United Nations Regulation on Driver Control Assistance Systems (DCAS), which entered into force on 30 September 2024. This regulation defines DCAS as systems that assist drivers in controlling the longitudinal and lateral movement of the vehicle while keeping the driver fully responsible for monitoring the surroundings and system performance, in line with SAE Level 2 automation. Full story

Nissan to launch affordable Vehicle to Grid technology in 2026 

Nissan has announced it will introduce affordable onboard bi-directional charging on selected electric vehicles from 2026. The Vehicle to Grid (V2G) technology enables EV owners to use electricity stored in their car’s battery to power their homes or sell it back into the grid. Full story

Older drivers targeted by car salesmen for ‘additional warranty’ with some paying hundreds 

Older drivers are being targeted by dodgy car salesmen with some being asked to pa hundreds of pounds for extended warranties they may not need. Estelle Miller, Co-Founder at EV Experts stressed some individuals were being asked to pay up to £400 for extended warranties of petrol, diesel and electric car sales. Full story

Tesla shares slide after Cybercab robotaxi revealed 

Tesla boss Elon Musk has unveiled the firm’s long-awaited robotaxi, the Cybercab, at the Warner Bros Studios in Burbank, California. The futuristic-looking vehicle, featuring two wing-like doors – and no pedals or steering wheel – is considered to be Tesla’s next chapter. However, investors have so far not shared his enthusiasm – Tesla’s share price fell after markets opened in the US on Friday morning. Full story

NVIDIA AI Summit Panel Outlines Autonomous Driving Safety 

The autonomous driving industry is shaped by rapid technological advancements and the need for standardization of guidelines to ensure the safety of both autonomous vehicles (AVs) and their interaction with human-driven vehicles. At the NVIDIA AI Summit, industry experts shared viewpoints on this AV safety landscape from regulatory and technology perspectives. Full story

Hyundai Mobis Unveils 65 Groundbreaking Technologies 

Hyundai Mobis has unveiled 65 mobility technologies slated for commercialisation within the next two to three years, including a front radar with a range of 350ms, an infrared camera with improved recognition capabilities under adverse weather conditions, and generative AI for vehicle care. It has also signed an agreement with German company ZEISS for the joint development of the ‘Holographic Windshield Display’, which provides an unobstructed view while allowing drivers to check multiple pieces of information without taking their eyes off the road. Full story

China warns EU against separate EV price negotiations 

China urged the European Union not to conduct separate negotiations over the price of China-made electric vehicles sold in the EU. “If the European side, while negotiating with China, conducts separate price commitment negotiations with some companies, it will shake the foundation and mutual trust of the negotiations,” China’s Ministry of Commerce said in comments published on its website. Full story

Euro NCAP elects UTAC’s Céline Vallaude as President 

This week, Euro NCAP’s Board of Directors met to elect its new President Céline Vallaude, representative for the French Ministry of Ecological Transition and currently Head of Expertise & Vehicle Regulation at the France-based UTAC. Niels Ebbe Jacobsen, CEO at International Consumer Research & Testing (ICRT) will finish his term at the end of the year. Full story