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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.

Technicon Design to present Roding Roadster at CDN Car Design Night

Technicon Design is all set to present the Roding Roadster – the first production car developed for Roding Automobile – at Car Design News’ Car Design Night in Geneva on Tuesday evening. The car is the result of collaboration between the two companies after Roding contacted Technicon Design at the beginning of 2011 with the task of redesigning its prototype sports car. Roding developed a prototype of its Roadster concept in 2008, originally designed at the university in Munich, and displayed at the Frankfurt motor show three years ago.

Rolls Royce Ghost – Undisguised

Rolls Royce Ghost virtually undisguised out testing in Germany This spy shot of the new Rolls Royce Ghost was grabbed with the baby RR out testing in Germany, and gives us the best view yet of the new RR4. For the first time we get to see the stainless steel bonnet option the Phantoms get, and get a much clearer feel of it’s presence. Yes, it is clearly a sibling of the Phantom, but it seems better proportioned.