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Formula 1 2012: The Cars [w/video]

Nine of the 12 Formula 1 teams have released images and details of their cars for the 2012 World Championship as the first day of pre-season testing draws to a close at the Jerez circuit in Spain. Motor sport may fall slightly outside of Car Design News' usual remit, but the big story this year is the new 'stepped nose', which all teams bar McLaren have introduced to comply with new safety regulations, much to the chagrin of aestheticists. And with designers such as Daniel Simon (he produced the livery for HRT last season) and Peter Stevens (most notable for the Brabham cars of the 1980s) involved with the sport over the years, it's always interesting to check out the season's new machines.

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.

Ferrari F150: New Enzo to cost €1-1.1m, 499 cars, delivery starts October 2013

The new Enzo Ferrari – the F150 – will arrive at Geneva, cost €1-1.1m Euros, just 499 will be built and delivery starts in October. We know for sure that the new McLaren P1 will come with 903bhp courtesy of a ‘hybrid’ boost, and it seems likely the new Enzo – the Ferrari F150, until we get the proper name – will usurp that with somewhere between 920 and 950bhp from its V12 plus electric boost. But now we know a bit more.