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Ford, Hyundai, Toyota lead industry to 15 percent gain

Ford, Toyota, Subaru and Hyundai Group spurred a year-end U.S. sales rally that took some sting out of a painful year. Overall, December sales of 1,030,096 light vehicles rose 15 percent from December 2008, when the credit crisis and a deepening recession dragged industry demand to 27-year lows.

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.

Porsche details plan for new headquarters, test track next to Atlanta airport

Porsche Cars North America will spend between $80 million and $100 million to build a new headquarters and test-track complex next to Atlanta's Hartsfield-Jackson airport, the automaker said on Thursday. The site in Hapevlle, Ga., is where the Ford Motor Co. assembly plant that built the Ford Taurus and the Mercury Sable used to stand.