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VW Phaeton – the 2010 facelift is unveiled at Beijing

Pay attention at the back. This is the new, facelifted VW Phaeton, unveiled today at the 2010 Beijing motor show. It most certainly is.

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.

Rent-an-Aventador: Exotic-car rental companies cater to client needs

For those who adore exotic sports cars but want to avoid the staggering depreciation, high maintenance costs and laughable insurance premiums required for ownership, there is a solution: exotic-car rental. At its new Los Angeles airport location, Black & White Car Rental recently displayed its latest acquisition, a Lamborghini LP-700-4 Aventador to be used in a fleet that includes Ferrari 458s, Mercedes-Benzes and even daily drivers such as the Toyota Camry. “Obviously this car isn't our bread and butter,” said Dan Darvish of Black & White.