Industry News from Yes Insurance
31 July 2008 Car manufacturer to invest in green technology
In news which may be of interest to car insurance policy holders, vehicle manufacturer Land Rover has announced it is to invest in eco-friendly technology.The industry giant has revealed it will invest £700 million in a programme to make its models more environmentally sound.
Set to take place over five years, the initiative is identified by the firm as a bid to "raise its game" in the face of increasing concerns over carbon emissions, as well as rising oil prices and the economic problems currently affecting global markets.
Land Rover managing director Phil Popham stated: "Over the past 60 years, Land Rover has delivered real benefits worldwide; a quarter of all vehicles used by aid agencies around the world are Land Rovers but the challenge now is sustainability."
In other industry news, motorists in the UK have been noting their concerns on a new green website.
Visitors to TheGreenCarWebsite.co.uk identified vehicle excise costs and increasing fuel prices as two major worries.
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