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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.

Opel Ampera: the full, official technical story

By Tim Pollard Motor Industry 25 March 2009 10:05 Opel/Vauxhall predict that the new Ampera production car will sell more in Britain than anywhere else in Europe. The extended range electric vehicle, unveiled at the recent 2009 Geneva motor show, will go on sale here in late 2011 and marketing bosses say the UK is more accepting of hybrids and alternative vehicles than other markets. It’s not clear at this stage how much the Ampera will cost in the UK, but we’re looking at a likely cost around £20,000.

Cosworth Impreza STI CS400 revealed

The power and guile of Cosworth’s long history in Formula One is being infused into the Subaru Impreza. The result is a turbocharged 395-hp demonic hatch with bolstered brakes and suspension pieces for truly performance-driven enthusiasts: It’s called the Impreza STI CS400. Here’s the rub: Just 75 copies will be made--exclusively for Great Britain.