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VW Up SUV & Cross Coupe SUV to go in to production

VW Up SUV planned based on Buggy Up Concept Volkswagen are to add two new compact SUVs to their range below the Tiguan, expected to be the VW Up SUV and Cross Coupe. There’s no question that one of the biggest new markets for cars is the compact SUV. From the Nissan Juke to the Vauxhall Mokka to the Ford EcoSport there seems to be an endless appetite for butch little urban warriors.

Ford cuts CEO's compensation 37%

Ford Motor Co. CEO Alan Mulally earned $13.57 million in total compensation in 2008, a 37 percent decline, as the automaker avoided seeking a federal bailout while posting a record loss. Mulally will take an additional 30 percent cut in salary this year and next as he battles a global financial crisis and the worst U.S.

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.