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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.

‘Amis de la 2CV’ gathering later this month

A record-breaking global gathering of Citroën 2CVs is set to take place from July 26-31 at the 19th International 'Amis de la 2CV', so we thought it was a good opportunity to showcase the now legendary model designed by Flaminio Bertoni. The biennial event is expected to attract over 6,000 examples of the iconic model, with participants from all over the world coming together to celebrate one of Citroën's biggest success stories. The 2011 event, involving many of Europe's 2CV owner's clubs, promises to be the biggest yet.

Fisker Automotive: The road less traveled for hybrids--in style

Fisker Automotive is taking a reverse approach to hybrids. Traditionally, green machines have been small fuel-sippers that hardly quicken the pulses of enthusiasts. Not so fast, says Henrik Fisker, CEO of the startup automaker and a designer who made his mark with eye-catching products at Aston Martin and BMW.