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FCA issues warning on logbook loans
Fri, 06 Jun 2014VULNERABLE 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.
Auto Show: Los Angeles Auto Show gives preview into design competition
Tue, 21 Dec 2004Ask automobile designers to come up with their interpretation of the 'Ultimate LA Machine' and you'll get a broad array of creative ideas. That's precisely what the LA Auto Show asked Los Angeles area automobile design studios to do - and the results are fascinating, entertaining and thought provoking. The LA Auto Show has provided a sneak peek into the competition by releasing one of the 13 entries - the Hyundai NTT, 'Entity', submitted by the Hyundai Kia America Design Center.
Icon founder Jonathan Ward on his latest 'Derelicts' project [w/video]
Mon, 06 Feb 2012Bespoke car restoration company, Icon, along with its founder and lead designer, Jonathan Ward, are the subject of eGarages's latest short film, Derelict. The documentary focuses on its namesake, a 1952 Chevy Coupe, built as part of Icon's ‘Derelict' project. The car is updated with modern mechanicals but with an aesthetic that bears the scars of its 60 years.