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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.

Alfa Romeo 4C arriving in 2013

Alfa Romeo 4C arriving in 2013 The Alfa Romeo 4C – a compact, mid-engined RWD sports car – teased by Alfa at Geneva & Frankfurt – will arrive in 2013. The Alfa Romeo 4C holds a lot of promise as a small mid-engined and very light sports car. And Alfa Romeo has seemed serious about their baby 8C, turning up at both Geneva 2011 and Frankfurt 2011 with concept versions of the 4C.

Vettel and Webber make it a 1-2 for Red Bull in China

Red Bull's Vettel and Webber celebrate their 1-2 in Shanghai [ad#ad-1] This is the most topsy-turvy start to a Grand Prix season in many a year. First we have a rookie team – Brawn GP, which didn’t even exist a few weeks ago – taking the lead and winning the first two races of the season. And now, in Shanghai at the Chinese Grand Prix, Red Bull has achieved its first ever F1 win with a stunning 1-2 by drivers Sebastian Vettel and Mark Webber After two days of high temperatures and sunshine the Shanghai Grand Prix set off in a procession behind the safety car in torrential rain, and stayed that way for the first eight laps.