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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.

Suzuki Kizashi 2, X-Head and PIXY concepts (2007): first official pictures

By Tim Pollard First Official Pictures 04 October 2007 11:52 Suzuki Kizashi 2, X-Head and PIXY: the lowdown The Japanese car industry is enjoying the run-up to the Tokyo Motor Show at the end of this month, with a steady stream of new metal - and typically madcap concept cars in particular. Suzuki is the latest manufacturer to provide us with teaser shots of its wares. The Kizashi 2 (above left) is a further derivative of its Frankfurt concept for a future Mondeo rival.

Toyota Prius lending its name to future hybrid models

Toyota Motor Sales U.S.A. will use the Prius name on more hybrid models in its U.S. lineup, the automakers' top executives told dealers.