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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.

GM Korea doubles size of its design center

GM has invested $40million in its Korea Design Center, doubling the size of the facility. The expanded studio opened on 25 April, and will give improved support for both exterior and interior design. As well as more studio space, the upgraded facility now includes improved exterior modeling and 3D printing facilities, an outdoor viewing area with three turntables, and a virtual reality studio – the latter allowing design reviews to take place in real time with GM's network of nine other design centers in six other countries around the world.

Stolen, chopped Ford GT is the saddest thing you'll see all day

The Ford GT is one of the best American sports cars in ages, and also one of the most desirable. No, the Ford GT didn't make the list of “most stolen vehicles,” but that doesn't make it immune from theft, as this report from U-T San Diego makes painfully clear. Case in point: These remains of a 2005 Ford GT that was stolen in Rancho Santa Fe, Calif.