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Volkswagen debuts two SUV concepts in Qatar

Volkswagen unveiled two SUV concepts, based on the Touareg, called the Race Touareg 3 Qatar and the Touareg Gold Edition at the Qatar motor show on Wednesday. The Race Touareg 3 Qatar is a street-legal version of the automaker’s car that won the 2011 Dakar Rally. The car can accelerate from 0 to 62 mph in less than six seconds.

European car sales down 5.2%

EUROPEAN UNION car sales are still sagging despite the return of modest economic growth. For the first eight months of the year, passenger car sales were down 5.2% to 7.84 million compared with the same period last year, the European Auto Manufacturers' Association said - the lowest January-August figure since the group started keeping records in 1990. New car registrations in August fell five per cent from a year ago to 653,872.

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.