Chinese start-up poaches BMW’s electric experts

Mark Schneider | 19/07/2016 1:01:59 PM

In a sure sign that China is getting very serious indeed about the future of electric cars, Chinese electric vehicle startup Future Mobility has recruited the brains behind BMW’s electric i8 sports car. The Chinese company may be an unknown in the vehicle world, but it’s backed by some very big money - the curiously named Tencent Holdings and Foxconn. Tencent Holdings is an electronics, social media and online gaming giant worth over US$200 billion, while Foxconn, which manufa...

Ford's Australian Influence is Here to Stay

Mark Schneider | 15/07/2016 9:33:44 AM

The end of Ford Australia’s car production may be just months away but Ford Australia’s Research and Development and Product Development team will be playing a major role in developing new products world-wide. In doing so, the company will become Australia’s biggest automotive sector employer from next year, according to Ford. After its last cars have left the production line Ford’s Broadmeadows, Victoria plant will be transformed into its Asia-Pacific Product Deve...

When comprehensive insurance just isn't enough

Mark Schneider | 5/07/2016 10:02:49 AM

Sometimes life’s harshest lessons come at the worst possible time. I learnt a harsh lesson about insurance recently when I was involved in a car crash. Happily I was quite OK but my car was a write-off. The other driver was entirely at fault, his insurance paid out on my claim and I didn’t even have to pay the excess. But here’s the harsh bit – my car won’t be replaced, I won’t get any money for another one and I’m now looking at a bill for nearly...

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Categories: Insurance