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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.

Nissan Titan still has a future

Even without a deal to team up with Chrysler Group on a new pickup, Nissan Motor Co. plans to keep the Titan truck in its lineup and develop a new range of models on its own. "We will do the next-generation Titan in-house," Larry Dominique, Nissan North America Inc.'s vice president for product planning, told Automotive News last week at the Detroit auto show.

The best supercars at the Frankfurt Motor Show 2013 on video

The Frankfurt Motor Show 2013 was awash with supercars of every type and hue. And there was change afoot. Sports cars are finally catching up with the changing zeitgeist - and a new breed of exotica emerged at the Frankfurt exhibition in September 2013.