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VW halts merger talk with Porsche

Volkswagen on Sunday slammed the brakes on merger talks with Porsche, just before the first meeting to discuss ways to bring all of the automakers' brands together under one entity. VW said that it made the move because it believes that Porsche doesn't have a solid plan for the merger. VW and Porsche announced the plan to hold merger talks on May 6.

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.

Video: CDN-GM Interactive Design Competition featured by Faces of GM

'Faces of GM', one of General Motor's social media initiatives, has released its latest video featuring our recent collaborative contest, the CDN-GM Interactive Design Competition. Starring several of the winning students as well as the prize-giving event at the Detroit auto show last month, the video features a number of judges and mentors including Mark Adams, executive director global Buick and Cadillac Design. GM and Car Design News's online contest aims to find the next generation of GM designers by presenting a challenge for students to tackle before being mentored on how to improve their designs.