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Jaguar slashes prices – in Australia

Jaguar has slashed prices across its range in Australia – by as much as £40,000 – as it fights for a bigger market share. But there’s also a feeling that all those years of protectionist import tariffs have inured Australians to the high price of luxury cars, and that car makers take advantage of that by keeping prices high, regardless of the level of taxes imposed on their products. That means something like a Rolls Royce Phantom costs £650k and a Porsche 911 starts at £150k.

Logbook loans signal increasing debt risk

CONSUMERS who buy second-hand cars are at risk of unwittingly inheriting debts taken out by the previous owner that could end up with their vehicle being seized, Citizens' Advice is warning. The charity said one in five people who reported a problem to it about “logbook loans”, where a person places their car as security against a loan, ended up having their car repossessed – despite not being the one who borrowed the money. Citizens' Advice warned someone who buys a car which is still the subject of an outstanding logbook loan taken out by a previous owner could end up being chased for the debt – leaving them with the choice of making the repayments or having their vehicle repossessed.

Callaway to give 2014 Chevrolet Silverado and GMC Sierra a boost

Callaway has just announced the debut of supercharged versions of the 2014 Chevrolet Silverado and GMC Sierra pickup trucks. This news comes only weeks after Callaway made known their intentions to fit market a version of the Silverado with an Eaton TVS supercharger. The Connecticut-based tuner has developed a new supercharger manifold and some other hardware for the new Chevrolet L83 Ecotec engine, which is expected to produce around 455 hp (though these are preliminary figures).