Electromotive Tec 3r Engine Management System 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.

Icon Helios: the Tesla Model S streamliner inspired by DC-1s

By Tim Pollard First Official Pictures 01 August 2014 07:04 US craft modders Icon have come up with an unusual take on the electric car: the new Icon Helios is a dramatically rebodied Tesla Model S inspired by streamliners and ‘30s aircraft. Better known for modifying Land Rovers and Jeeps, Icon CEO and lead designer Jonathan Ward has now turned his hand to a more futuristic idea - making electric cars truly desirable. The Icon Helios is the result.

UK Car Scrappage scheme gets green light?

Mandy said NO to scrappage, but it looks like Alistair Darling will introduce a scheme in the next budget [ad#ad-1] After much to-ing and fro-ing, it has been claimed by most of the UK national press over the weekend that a UK version of the Car Scrappage Scheme will be introduced in the budget by Alistair Darling. The scheme aims to offer new car buyers a guaranteed trade-in against a new, cleaner car of £2,000. But it is being suggested that the Government will insist that car manufacturers chip in half this money, with the tax payer paying the other half.