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BBC 5 LIVE INVESTIGATES OUTSTANDING FINANCE ON USED CARS

BBC 5 Live Investigates has reported that unwitting used car buyers are being chased for large sums of money, owed on loans taken out by previous owners. Leading vehicle information expert HPI has warned consumers to be vigilant on the risks of finance fraud and get protection with the HPI Check. The report suggested that car owners raising finance with logbook loans secured on their vehicles are selling the vehicles before settling their accounts, which is leaving buyers at risk of losing their cash - and the car.

Mercedes F1 at Edinburgh’s Race the Runway

The 2012 Mercedes F1 car will be at Edinburgh’s Race the Runway 2014 event In 2013, Mercedes decided to cough up sponsorship to help the Race the Runway event at Edinburgh Airport, and it must have been a success as Mercedes are back again as event sponsors. The Race the Runway event is an opportunity for car owners to blat their cars down the runway at Edinburgh Airport and generate cash for a worthy cause – the Prince and Princess of Wales Hospice in Glasgow. Participants have to cough up a £300 donation to the charity to get the chance to see what their car can do, for which they get a free lunch as well as the thrill of flat-out driving on the runway, and can even bring a passenger along.

Fiat takes majority control of Chrysler

Fiat S.p.A. will pay $500 million for the U.S. government's 6 percent stake in Chrysler Group.