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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.

Top Gear Tonight: China, NASCAR, SLS AMG Roadster & Matt LeBlanc is SIARPC

Stig's Chinese cousin on Top Gear Tonight Top Gear tonight (Series 18, Episode 2) sees Clarkson and May in China, Hammond doing NASCAR, the Mercedes SLS AMG Roadster & Matt LeBlanc is SIARPC. After the disappointing Top Gear Christmas Special in India, the latest series of Top Gear needed to start with a bang – and it did. Old Top Gear was back with Supercars in Italy and Christmas sins were forgiven.

Chevy Spark Confirmed – the Yanks learn little cars!

All the grief surrounding the big three US makers (less so Ford) revolves around the lack of cars they make that can compete in the world in which we live. No longer, it would seem, are US car buyers prepared to put up with gas-guzzling, low-quality cars. The rise of the Japanese car in the US (Toyota is now the biggest selling car) has put the writing on the wall for years.