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Logbook loans signal increasing debt risk

CONSUMERS who buy second-hand cars are at risk of unwittingly inheriting debts taken out by the previous owner that could end up with their vehicle being seized, Citizens' Advice is warning. The charity said one in five people who reported a problem to it about “logbook loans”, where a person places their car as security against a loan, ended up having their car repossessed – despite not being the one who borrowed the money. Citizens' Advice warned someone who buys a car which is still the subject of an outstanding logbook loan taken out by a previous owner could end up being chased for the debt – leaving them with the choice of making the repayments or having their vehicle repossessed.

Tata & JLR to build their own engines. But you already knew that.

Tata & Jaguar Land Rover to build their own engines The wires today seem to be full of the ‘news’ that Tata and Jaguar Land Rover are considering building their own engines. Really? The report of this ‘Breaking News’ cites a company report by Tata which indicates a joint engine development programme is being considered.

Spy Shot: 2014 Subaru WRX coupe spotted testing

High on many Subaruphiles' wish list is a new two-door WRX STI, and the Japanese manufacturer might just be working on such a model. A two-door WRX-looking, highly camouflaged mule was recently spotted testing in the Ann Arbor, Mich., area. Subaru has a research-and-development facility in Ann Arbor.