A major unit of German automaker Porsche was sold to Volkwagen today, continuing the somewhat drawn-out process of merging the two companies and moving the transaction one step closer to completion.The transaction may not be fully finalized until a year from now, but the deal is likely to be completed during the first six months [...]
An East Orange, New Jersey, police officer pleaded guilty to insurance fraud last week after admitting to torching his 2002 Cadillac Coupe DeVille. Kareem Spence faces three to five years in state prison when he is sentenced early next year.Spence was indicted in March 2010, at which point he was suspended from the force. He [...]
Texas drivers with minimum liability insurance are going to see their rates increase on January 1, according to the Texas Department of Insurance.The rising costs of automobile repairs and medical expenses associated with car accidents spurred the increase, said Jerry Hagins, a department representative.About 7.5 million Texas motorists with minimum liability insurance will see their [...]
For many, the allure of a classic car is a powerful one. But despite the strong aesthetic incentives to drive a vintage auto, there are a number of drawbacks that can result in maintenance and car insurance issues for owners of such a vehicle. Fortunately, though, there are ways to keep classic cars on the [...]
A suspected car vandal has done serious damage to several vehicles parked near the public library in downtown Wilmington, North Carolina, according to a report by local television station WECT. Area resident Steve Hotz told the news station the costs to repair his red sports car after a recent incident topped $3,000. "They cut it [...]
Car insurance premiums in New Jersey have dropped for the fourth straight year although they continue to remain one of the highest in the nation, the Star Ledger reported. The figures come from a new report released by the National Association of Insurance Commissioners that compares how car insurance rates have fluctuated in the U.S. [...]
Motorists who buy a car from Alexandria Hyundai will have the opportunity to return their vehicle for a refund if they lose their jobs and are unable to make auto insurance, gas, or maintenance payments, the dealership announced today.The new guarantee, which the company calls the Hyundai Assurance Policy, is a further expansion of the [...]
A problem that could cause the brake lights on 2011 Toyota Siennas to become stuck on has led the automaker to issue a voluntary recall of the model. Toyota says the notice could cover as many as 94,000 vehicles.The issue, the company says, is that a bracket containing the switch in the brake pedal is [...]
Two more arrests this week in an ongoing investigation into a convoluted auto theft scheme in the Pacific Northwest were the result of a broad involvement by many law enforcement agencies, according to a report in the Great Falls Tribune.Mike Martell and John Mattheisen, both residents of Great Falls, made their initial appearences in Cascade [...]
High-tech gadgetry is rapidly becoming a key feature of many modern cars, and automakers are using digital systems to accomplish a variety of design goals and perform many functions, according to news website Headlight.Recent studies, the website's Grant Owens reports, show that electronic devices have surpassed even new safety equipment as the most desirable features [...]