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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.

America trialling solar-powered roads

Solar Roadways After glow-in-the-dark road markings proved to be a bit of a flop when the paint washed away in the rain, experts are now experimenting with solar-powered motorways. A small, family-owned American company based in Idaho called Solar Roadways has created a short section of road that uses the sun’s energy to power nearby buildings, as well as electric cars. If the solar-powered roads are adopted worldwide, it could put an end to the range-anxiety commonly associated with electric vehicles.

Mazda reveals Mazda2 EV with range-extender Wankel rotary engine

Mazda reveals Mazda2 EV with range-extender Wankel rotary engine It’s long seemed logical that a compact Wankel rotary engine – running at a constant speed – would be a great way of fitting electric cars with a range-extender option. Audi flirted with the idea of fitting the A1 e-tron with a Wankel engine a couple of years ago, but that got shelved. And Mazda – keepers of the Wankel flame – came up with the idea of a Wankel engine bolted in to an EV and powered by hydrogen last year, but it seems to0 have gone nowhere.