Latest news with #vehicleowners
Khaleej Times
2 days ago
- Automotive
- Khaleej Times
New UAE insurance briefing introduces the case for full-cover vehicle policies
A newly released report has highlighted the rising demand for car insurance in Dubai with more vehicle owners opting for comprehensive coverage that offers broader financial protection beyond the mandatory third-party liability policies required by law. As the UAE's roads become busier and weather-related risks more frequent, industry experts are observing a shift in consumer preference toward all-inclusive policies that cover not just third-party damage but also personal vehicle loss or repairs due to accidents, theft, vandalism, or natural disasters. The announcement emphasises how comprehensive motor insurance is gaining relevance among both individual car owners and fleet operators in the country. Compared to third-party plans, which are only designed to compensate affected third parties, comprehensive policies also cover the insured's own vehicle, making them a more practical solution for long-term road safety and financial security. "Comprehensive coverage is no longer seen as optional. It's increasingly viewed as a smart investment, especially in regions where unpredictable road conditions and high repair costs are common," said a company spokesperson involved in the release of the overview. With insurance providers offering optional add-ons such as roadside assistance, personal accident cover, and regional extensions, policyholders now have more control over tailoring their plans to suit their lifestyle. Additionally, optional natural disaster riders are becoming more sought-after following seasonal flash floods and rain-related incidents across the Emirates. This overview aims to raise awareness among UAE residents about the practical benefits of enhanced motor insurance - helping drivers make more informed decisions and reduce financial vulnerability. For motorists navigating the UAE's fast-moving roads, comprehensive car insurance is no longer just a choice - it's a safeguard for the future.
Yahoo
23-07-2025
- Automotive
- Yahoo
COE prices for Cat A unchanged at $101,102, Commercial vehicle premiums up 2.9%
SINGAPORE — Certificate of Entitlement (COE) premiums for Category A, which covers smaller and less powerful cars and EVs (up to 1,600cc and 130bhp and electric vehicles up to 110kW), remained unchanged at $101,102 in July's second bidding round on Wednesday (23 July). It had previously jumped 3% in the first bidding exercise on 9 July. Category B premiums, for larger vehicles, experienced only a slight decrease of $499 to end the bidding exercise at $119,101. However, there were slight increases across all premiums in Categories C, D and E. COEs for commercial vehicles and buses (Category C) rose 2.9% from $66,689 to $68,600 while premiums in the 'open' category (Category E) saw an increase of 1.3% to finish at $120,000. Motorcycle COEs (Category D) are at $9,511 which was only $122 more than the figure in the previous bidding exercise. What is COE? The COE gives the owner the right to register and use a vehicle in Singapore for 10 years. It can be obtained through an online open auction conducted twice a month. Bidding exercises usually start at 12pm on the first and third Monday of the month, and last for three working days. Each bidding will end at 4pm on Wednesday, if there is no public holiday in between. The vehicle quota in each category will be announced before the start of each bidding exercise. After 10 years, when the COE expires, an owner can choose to de-register the vehicle or renew the COE. How is the COE quota counted? Since 1 February 2023, the number of COEs available for bidding in the corresponding vehicle category in each quarter is the rolling average of the number of vehicles deregistered over the previous four quarters. Will the COE price drop? COE prices, of course, can drop – it is dependent on supply and demand. Since 2017, the Ministry of Transport has been freezing vehicle population growth for all categories except Category C for goods vehicles and buses. The current rates will be maintained until 31 January 2028. Singapore is one of the costliest places in the world to buy a car – in fact, in 2022, the Global Wealth and Lifestyle Report 2022, released by Swiss private bank Julius Baer, found Singapore cars were the most expensive globally.
Reuters
07-07-2025
- Automotive
- Reuters
NHTSA opens recall query into about 1.2 million Stellantis trucks
July 7 (Reuters) - The U.S. National Highway Traffic Safety Administration said on Monday it opened a recall query covering about 1.2 million Stellantis' ( opens new tab Ram trucks over concerns related to the transmission. The auto safety regulator said impacted vehicles displayed issues related to the brake transmission shift interlock, which may lead to them rolling away. The NHTSA said it received 14 vehicle-owner complaints and six death and injury reports through its Early Warning Reporting program.
Reuters
27-06-2025
- Automotive
- Reuters
GM wins victory as appeals court decertifies transmission lawsuits
June 27 (Reuters) - General Motors (GM.N), opens new tab persuaded a federal appeals court on Friday to decertify a class action seeking to hold the automaker liable for knowingly selling about 800,000 cars, trucks and SUVs with faulty transmissions. In a 9-7 vote, the 6th U.S. Circuit Court of Appeals in Cincinnati found too many differences among vehicle owners to justify having one judge oversee the litigation, including 26 statewide subclasses and 59 state law claims. Class actions can result in greater recoveries at lower cost than if plaintiffs were forced to sue individually. Neither GM nor lawyers for the vehicle owners immediately responded to requests for comment. The case covered Chevrolet and GMC vehicles equipped with 8L45 or 8L90 eight-speed automatic transmissions, and sold in the 2015 through 2019 model years. Drivers said the vehicles shuddered and shook in higher gears, and hesitated and lurched in lower gears, even after repair attempts. The vehicles included the Cadillac CTS, CT6 and Escalade; Chevrolet Camaro, Colorado, Corvette and Silverado; and GMC Canyon, Sierra and Yukon, among others. The decision reversed an August 2024 ruling by Circuit Judge Karen Nelson Moore for a three-judge panel. Moore dissented on Friday, accusing the new majority of trying to erect "insurmountable barriers to certification for plaintiffs who file class-action complaints against national manufacturers." Republican presidents appointed the nine judges in Friday's majority, while Democratic presidents appointed the seven dissenting judges. The appeals court sent the litigation back to U.S. District Judge David Lawson in Detroit for further review, which could lead to certification of smaller subclasses. The case is Speerly et al v. General Motors LLC, 6th U.S. Circuit Court of Appeals, No. 23-1940.
CNA
18-06-2025
- Automotive
- CNA
US closes probe into 2 million Nissan vehicles without seeking recall
WASHINGTON :A U.S. auto safety agency on Wednesday closed a seven-year-old investigation into 2.03 million Nissan Motor vehicles over issues related to rear suspension control arm failure without seeking a recall. The National Highway Traffic Safety Administration investigation, which covered 2013-2018 Nissan Altima and 2016-2018 Nissan Maxima vehicles, was opened in 2018 and upgraded to an engineering analysis in 2019. The probe reviewed whether the lower control arm of the rear suspension system could separate from the chassis due to corrosion posing safety risks. Nissan implemented a design change in January 2018 to improve the durability of the lower control arm. Nissan did not immediately comment on Wednesday. NHTSA said it reviewed about 1,300 reports of the issue and a small number of complaints suggested they had been in near crashes. Just one complaint said a vehicle made physical contact with another object, bumping into the trailer hitch of a truck. "Nissan acknowledges that a crack can develop in affected control arms due to stress loading from normal use and that salts commonly used for roadway snow and ice treatment may result in corrosion that exacerbates the progression of the crack," the agency said. Most reports occurred in salt-belt U.S. states prone to corrosion issues with vehicles averaging over 113,000 miles (181,856 km) at the time of failure. No injuries have been reported. More than 47,000 vehicles were repaired with a new part under a Nissan customer satisfaction campaign announced in 2019 and some vehicles received a warranty extension to 10 years. "With a declining trend of reports and Nissan's actions to implement a countermeasure and extended warranty coverage, further investigation of the issue does not appear to be warranted at this time," NHTSA said.
