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FCA issues warning on logbook loans

VULNERABLE people who use their car as security to take out a loan are finding themselves squeezed even harder financially and even threatened, the City regulator has found. The Financial Conduct Authority warned it will put firms offering logbook loans out of action if they do not "dramatically" improve their standards, after finding evidence of poor behaviour including little or no affordability checks being carried out and some applicants being encouraged to manipulate details of their income. It said lenders are failing to properly spell out exactly how expensive such debts will be, with the true cost often masked by an emphasis on "low" weekly repayments and key terms and conditions buried in small print.

Kia to work with Lotus on ride and handling

By Gareth Evans Motor Industry 20 January 2009 13:51 Kia is to work with renowned chassis experts Lotus on all future models to improve ride and handling. The new Soul will be first to receive the fettling from the experts in Hethel. The new strategy will ensure that future models will get a suspension set-up geared specifically for UK roads.

Meet the 2015 Aston Martin V12 Vantage S

Aston Martin revealed the 2015 V12 Vantage S supercar on Tuesday. Besides the limited-run One-77 supercar, it's claimed to be the fastest road-going Aston ever built. The Vantage S is on sale now; first deliveries will start at the beginning of 2014.