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Ford to move away from traditional cars
Ford’s new boss has outlined plans which he says will make the US car giant “fit” to compete in a changing industry. Jim Hackett said Ford would shift resources from traditional cars to SUVs and trucks, while investing in electric power and tech services. The firm will also automate its manufacturing processes more to help to cut costs by $14bn (£10.5bn). Mr Hackett identified the goals after a 100-day review. He became head of the company in May, replacing Mark Fields, who had been in the top job for only three years. During that time, the firm had two of the most profitable years in its history, but the share price drifted lower.
Pheasants ‘most likely species’ to die on UK roads
Pheasants are the bird species most likely to be run over on UK roads, research suggests.
There has been a big rise in the number of pheasants being bred for shooting across the UK over the past 50 years. The study in Royal Society Open Science journal says these captive bred pheasants are 12 times more likely than other species to end up as road kill. University of Exeter researchers found pheasants were most likely to be killed on the roads in autumn and spring.’
Theresa May to unveil plans to build more council homes
Theresa May will tell the Conservatives to “shape up” and “go forward together” as she closes their party conference. The PM, who has faced repeated questions about her leadership during the Manchester conference, will vow not to “retreat in the face of difficulty”. The party, and ministers, must look to “do our duty by Britain”, she will say. Mrs May is expected to announce plans for a significant expansion in council housing – including measures to make it easier for authorities to get land.
UK drivers could get paid for owning an electric car under new plans from Nissan and Ovo Energy
UK drivers could be paid to own an electric car under a pioneering new partnership between Ovo Energy and Nissan. The companies hope that the offer – the first of its kind in the UK – will speed up the adoption of greener vehicles. The “vehicle to grid” technology allows owners of Nissan’s electric cars to connect their batteries to the grid during low-demand, cheap tariff periods.
Fuel price rises for third consecutive month, but cuts could come in days
Drivers were forced to stomach higher fuel prices for a third consecutive month in September, but a cut could be on its way, according to the RAC. The average cost of unleaded petrol rose by nearly 1p to 119.19p per litre in September, and diesel went up by 1.34p to 120.31p over the month making both the most expensive they have been since March. But the RAC on Monday said that it expects retailers to cut petrol prices by at least 2p per litre in the coming days thanks to a falling wholesale price. This has dropped despite the oil price rising to almost $69 per barrel – its highest since summer 2015.
Toyota and Mazda to create new electric car company together
Toyota is joining forces with Mazda to create a new company which will develop electric cars. The two manufacturers are pairing with Denso Corporation to develop structural technologies for electric cars. Engineers from each of the companies will join together to develop the technology. Toyota will own the lion’s share of the business with a 90 per cent stake while Denso and Mazda each take a five per cent.
Could you save £300 a year switching to PAYG car insurance?
Drivers who use their cars once a week could be wasting nearly £300 a year on insurance so switching to a pay-as-you-go policy could be more suitable, and cheaper. An estimated 821,000 car owners in the UK drive for just an hour or less each week. Given the annual car insurance policy is £847 a year, these infrequent drivers pay £16 an hour to be on the road. However, by switching to a pay-as-you-go car insurance policy, motorists could save up to £300 a year, according to Cuvva, the UK’s first app-based PAYG car insurer. It claims low-mileage drivers could bring the cost of cover down to around £570 This should help offset some of the 11% rise in insurance as a result of regularity changes, which has hit young drivers the hardest. The cost of running a car eats up as much as 20% of a young driver’s annual take-home pay. As a result, UK drivers could save a combined £227m annually. Those in London are most likely to benefit from reviewing their insurance; they use their cars less frequently than anywhere else in the UK.