Arias Pistons 12.5:1 Compression 82mm Bore Honda B-series on 2040-parts.com

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.

Saab enters Court Protection – just as we predicted

Victor Muller takes Saab in to Court Protection Two weeks ago we reported that Saab were about to seek court protection from its creditors in a bid to buy time until investment from China arrives. And that’s exactly what’s happening. Saab are waiting for investment funding from China – via Pang Da and Youngman – totalling €245 million which should put Saab back on a solvent footing – at least for a while – and allow the beleaguered Swedish car maker to resume production and push on with future plans.

33% of young take driving 'selfie'

A THIRD a third of young British drivers have taken a "selfie" while at the wheel, according to a survey. Such self-distracting behaviour is worse among young Britons than among any of six other European countries, the survey from the Ford Motor Company showed. While 33% of Britons aged 18-24 confessed to taking a selfie while driving, the figure for Germany was 28%, with France also 28%, Romania, 27%, Italy 26%, Spain 18% and Belgium 17%.