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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 design contest inspires young minds

The College for Creative Studies in Detroit held its 24th Michelin Design challenge, in which Michelin sponsors a design and development project for one of CCS' transportation design classes. The competition works like this: CCS and Michelin get together to develop a theme, then CCS picks which transportation design class will work on the project. The idea, Michelin says, is to celebrate and promote the kind of vehicle design that highlights original thinking and innovation.

Range Rover (2012) prices and further specs

Ownership of the the all-new Range Rover will start from £71,295 for the entry-level 3.0-litre TDV6 diesel model. The flagship 5.0-litre supercharged V8 model is a good deal more at £98,395, but for that you do get the 503bhp engine from the Jaguar XFR, and 0-62mph in 5.1sec... The new 2012 Range Rover: engine specs Never before has a V6 diesel engine been available in a Range Rover.