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Renault defies Paris with plan to double Ghosn’s pay
Renault has proposed to more than double the pay for the chief executive Carlos Ghosn despite opposition by the French state. Mr Ghosn, who is also head of Renault’s alliance partner Nissan of Japan, is set to receive a package worth €7.2m in cash and shares for 2014.
Oil price fall ushers in zero inflation
UK prices have stopped rising on an annual basis for the first time in half a century, adding to benign economic data for the government with an election just weeks away. Inflation fell to zero in February from 0.3 per cent in January, as the slide in the cost of oil and food continued to act as a brake on prices.
Whiplash claims increase as firms flout out cold-calling rules
The number of claims for whiplash has soared in the past 12 months as no-win, no-fee lawyers ‘openly flout’ restrictions on cold calling, according to research. A study by the AA shows an average of 71,000 claims a month over the past year, up by almost 8 per cent.
Driverless cars on road trip to New York
A driverless car has begun a 3,500 mile coast-to-coast trip across the US, the longest trip to be attempted by an autonomous vehicle.
The cars running on empty fuel claims
It’s a green age for motoring as drivers demand fuel economy while watching the pennies at the petrol pump. However, some cars are a lot less fuel-efficient than official figures suggest according to tests by What Car?
Jaguar builds electric car in Austria
Jaguar Land Rover is set to build an all-electric car in Austria. An electric debut would be the latest in a string of high profile launches after its XE ‘baby Jag’ and F-Pace SUV. The carmaker is thought to be devising plans for a small factory in Austria to produce around 10,000 cars a year. JLR is looking to build an electric car in part to sidestep looming European Union emissions fines.
Fiat chief pockets £48m
chief executive of Fiat Chrysler Automobiles Sergio Marchionne is to receive Eur66.4m for the past year. A large portion of the bumper reward comes from bonuses and stock awards linked to Fiat’s takeover of Chrysler, which saw the Italian marque’s share price surge 61 per cent. Marchionne earned Eur6.6m in salary and incentives last year.
‘Black box’ in car alerts insurers to crash and saves young drivers life
Black box technology designed to be fitted inside vehicles to help young drivers pay lower car insurance has been credited for saving the life of a 20 year old student, after it sent out an alert that he has been involved in a serious accident.