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EyesOn Design Awards Winners announced

On the second day of the Detroit auto show, the traditional EyesOn Design awards took place in the newly-opened Atrium Stage of the Cobo Hall. For the first time in its eight-year history, the judges of the competition (who include present and retired design directors from almost every major automotive OEM) awarded the 'Best Concept Vehicle' award to two designs – the Ford Atlas and Nissan Resonance, beating the Hyundai HCD-14 Genesis and Lincoln MKC concepts to the award. In the production car category, the Cadillac ELR was a somewhat surprise winner, beating internal GM rival, the new Corvette Stingray to the award.

Volkswagen Space Up concept

By Ben Pulman Motor Shows 24 October 2007 10:30 Up, up, and away… Yes, the Volkswagen Up is back. The Tokyo Motor Show today saw VW unveil a second iteration of their new small family car – a third model will be shown at the LA Auto Show in November 2007. Called the Space Up!, the rear-engined car is a stretched version of the three-door we saw at the Frankfurt Motor Show earlier in the year.

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.