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Logbook loans signal increasing debt risk

CONSUMERS who buy second-hand cars are at risk of unwittingly inheriting debts taken out by the previous owner that could end up with their vehicle being seized, Citizens' Advice is warning. The charity said one in five people who reported a problem to it about “logbook loans”, where a person places their car as security against a loan, ended up having their car repossessed – despite not being the one who borrowed the money. Citizens' Advice warned someone who buys a car which is still the subject of an outstanding logbook loan taken out by a previous owner could end up being chased for the debt – leaving them with the choice of making the repayments or having their vehicle repossessed.

Texas mulls upping speed limit to 85 mph

Texas and Utah are the two states that have 80-mph posted speed limits. But Texas wants to up the ante to 85. State officials are considering changing the limit on Highway 130, which runs between San Antonio and Austin.

The Bluebird DC50 is an electric supercar to celebrate land and water world speed records

The Bluebird DC50 (pictured) is an electric supercar to celebrate Campbell world speed records Don Wales has an impressive family tree – certainly when it comes to speed – with Sir Malcolm Campbell his grandfather and Donald Campbell his uncle. So it’s no big surprise that Don is plotting to celebrate the 50th anniversary of Donald Campbell’s land and water world speed records in 2014 with a new, limited edition supercar, taking time out from making Bluebirds to break the electric land speed record. But the anniversary is in 2014, so Campbell junior has decided that his celebratory supercar – the Bluebird DC50 – will be an electric supercar rather than an ICE one.