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Better Place Electric Car visitor centre opens

Better Place have opened a visitor centre in Israel to demonstrate their battery swap technology for electric cars Last October we wrote about a start-up company in Israel – Better Place – that had a new way forward for electric cars by taking the purchase of battery packs out of the equation, and was developing a system for ‘Battery Swap’ stations where electric car owners could drive in and swap their battery pack for a fully-charged one in a few minutes. That story first brought to our attention our favourite quote of last year – by Nissan boss Carlos Ghosn – who said “A hybrid is like a mermaid: if you want a fish, you get a woman; if you want a woman, you get a fish.” Which probably explained why Nissan – and its partner Renault – got involved with Better Place. Better Place aims to address the main concerns of electric car drivers by making the battery packs in electric cars ‘swappable’.

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.

Dacia ‘Twingo’ planned as sub £5,000 entry-level Dacia

The current Ranault Twingo (pictured) looks set to live on as the new Dacia Twingo The new Renault Twingo – which shares its underpinnings with the next Smart – arrived at the Geneva Motor Show last week, and it looks an appealing and impressive city runaround. With 3-cylinder engines, rear wheel drive and decent looks, the Twingo looks to have a decent chance of making sensible sales this side of the Channel as the budget alternative to the next Smart Car, which will be basically the same under the skin. But those plans may go a bit awry if a report from Auto Bild is accurate, as Dacia appear to be preparing to take the current Twingo and turn it in to a budget offering for the Dacia range.