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General Motors recalls another 8.4m cars

Associated Press General Motors has recalled a further 8.4 million cars as part of an ongoing investigation into a fault that causes the ignition key to turn unintentionally. Almost 30m cars across the US, Canada and Mexico have now been recalled by General Motors in 2014. Approximately 3,500 people are making claims for death or injury The recalls affect cars made as far back as 1997, but the American car maker insists that there is no conclusive evidence that faults with the cars caused crashes involving the vehicles.

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.

Audi Confirms New Q1 Mini SUV To Be Produced From 2016

GERMAN premium car maker Audi has announced plans to launch a new, small SUV in 2016 called the Q1. Slotting in below the firm’s existing Q3 model, its hoped the Q1 will help make a significant contribution to the company’s ongoing growth and will strengthen its international competitiveness as it expands into new markets and more countries. As an illustration of the company’s desire to expand, by 2020 its product range will have grown from the current 49 models to more than 60, and will reach total unit sales of more than two million cars each year.