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FCA issues warning on logbook loans
Fri, 06 Jun 2014VULNERABLE 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.
LA Motor Show: Honda brings mass-volume hydrogen power closer
Thu, 21 Nov 2013HONDA has showcased its next generation hydrogen fuel cell technology, which is the first to fit entirely within a traditional engine bay. A 60% increase in energy density and a 33% reduction in size have jointly allowed the creation of the new Fuel Cell Electric Vehicle (FCEV) concept, which has a range of roughly 300 miles and can be refuelled in about three minutes. With all its components in a single location, the FCEV benefits from huge freedom in design for the rest of the car.
BMW Zagato Roadster revealed
Sat, 18 Aug 2012The BMW Zagato Roadster has been revealed at the 2012 Pebble Beach Concours d’Elegance. IS it heading for production? Earlier this week we had a tease for the BMW Zagato Roadster, a soft-top version of the BMW Zagato Coupe we saw just a few months ago at Villa D’Este, and now we get the real deal with a reveal at Pebble Beach.