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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.

Mercedes-Benz C-Class previewed in new video, images [w/Video]

Mercedes-Benz has given us the first look at its next-generation C-Class, the W205, in a new video and interior photos. The images show the new model shares many design cues with the CLA-Class, such as the center stack, IP and steering wheel, while design cues from the S-Class include the COMAND system's control with added touchpad. The interior also features a heads-up display and an HVAC system called Air Balance.

2012 Maserati GranTurismo MC to sticker at $143,400 when sales start in August

Pushing 0 to 60 mph in 4.8 seconds, the newest member of the Maserati lineup is now the brand's fastest production vehicle in North America. The 2012 GranTurismo MC gets a base price of $143,400--which includes $1,800 in shipping charges and a $1,700 gas-guzzler tax. For full wind-in-your-hair accelerative exposure, the convertible-sport variant starts at $146,300, including the shipping and gas-guzzler charges.