Tesla is investigating the cause of a fire that broke out while a Model S was charging in Norway. It was reported that the car caught fire after its owner had plugged it into a Supercharger on New Year’s Day. The owner had left the vehicle and no one was injured, but the incident will [...]

UK car insurers paid out £2.41bn less in 2014 than in 2010, according to figures released by the Association of British Insurers (ABI). It reports that motor insurers paid out £8.3bn in 2010 compared to £5.9bn last year. And the numbers should make even better reading in the future following the commitment made by Chancellor [...]

The Quality Parts Coalition (QPC) has released a new report highlighting significant price gap between car company brand and independently produced auto collision repair parts. The report reveals that American consumers saved more than $363 million by using independently produced parts rather than parts sold under car company brand names during the past five years. [...]

Driven Brands Inc, a portfolio company of Roark Capital and a leading US franchise automotive company, has acquired CARSTAR Canada. CARSTAR is one of the largest multi-store network of independently owned collision and glass centres in Canada, operating more than 230 locations in 10 provinces. ‘As we continue to accelerate our exposure and growth throughout [...]

The Carlyle Group (Carlyle), CVC Capital Partners (CVC) and GIC, Singapore’s sovereign wealth fund, announced today that funds advised by CVC have entered into a partnership with GIC and will become a co-shareholder in the RAC through the purchase of Carlyle’s stake. The investment was made from CVC’s Strategic Opportunities Platform, established in response to [...]