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Honda reshuffle eases Swindon plant fears – Honda’s struggling UK operation has been given a shot in the arm with the announcement that it will become the sole producer of one of the carmaker’s most popular models.
Volvo to build $500m US factory – Swedish carmaker Volvo is to invest $500m to build a new car factory in the US as it seeks to double its sales in the world’s second-largest car market.
Car Insurers can finally release the handbrakes – The cost of motor insurance is on course to rise sharply during the next three months, according to analysis by Comparethemarket. The price comparison website believes that the weaker price competition among the 136 insurers it tracks means that there is room for them to start charging motorists more.
The Daily Telegraph
Services on form as UK economy grows again – The British economy grew at its fastest pace for nine years in 2014, as GDP figures showed the economy expanded by a stronger than expected 2.8pc. According to the Office of National Statistics, quarterly GDP growth came in at 0.6pc in the last 3 months of 2014
Honda makes a £200m declaration of faith in Swindon – Honda has secured the future of its Swindon factory by accounting a £200m investment to produce one of the Japanese carmakers most popular vehicles at the site.
The Daily Mail
How drivers spend 16 days a year stuck in traffic jams – Frustrated commuters spend the equivalent of 16 working days a year sitting in traffic jams, a survey reveals today. It says gridlock in major cities has worsened considerably over the past 12 months. In the most areas, evening rush hour journeys last 80 per cent longer than they would in free-flowing traffic.