Corvette Model, Die Cast, 1/18th Scale, Riverside Red Coupe, 1963 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.

Ford bets customers will pay premium prices for the Fiesta

Ford Motor Co. will charge more than $23,000 for a fully loaded Fiesta, a new car smaller than the Focus. Ford thinks consumers are ready to pay premium prices for small cars, which long have been dominated by budget shoppers.

Go-ahead for £1bn Wales motorway

A £1 BILLION new motorway in south Wales has been given the go-ahead by the Welsh Government. Ministers say a preferred "black route" between Junctions 23 and 29 of the M4, including a new crossing of the Usk south of Newport, will boost the economy as well as ease congestion. But opponents say improving existing roads around Newport would be cheaper as well as kinder to the environment.