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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.

Michelin Challenge Design announces 2007 theme and call for entries

At the 2006 North American International Auto Show, Michelin Challenge Design announced its theme for the 2007 Challenge. Michelin Challenge Design will ask entrants to explore the future of transportation design using safety as the focus and inspiration. For 2007, the challenge is to design a vehicle for the North American market that enhances overall road safety, incorporating safety features for the occupants, but also for others who share the road.

Italdesign Go! concept

The Go! was one of two concepts by Italdesign Giugiaro that were unveiled at Geneva. Based on the Volkswagen Up!