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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.
Renault Fluence ZE electric concept at 2009 Frankfurt motor show
Tue, 15 Sep 2009By Ben Pulman First Official Pictures 15 September 2009 12:00 This is the Renault Fluence ZE, a concept car unveiled at the 2009 Frankfurt motor show that previews the forthcoming electric version of the recently revealed Fluence saloon. Along with the Kangoo ZE, it will be one of Renault’s first electric vehicles which go on sale in 2011. It does – there’s energy-saving LED lights, cameras to replace the rear-view mirrors, solar cells on the roof, dash and parcel shelf, and 21-inch wheels.
Ferrari 458 Spider driven by Fernando Alonso +video
Sun, 11 Sep 2011Fernando Alonso drives the Ferrari 458 Spider As the Ferrari 458 Spider gets closer to its official debut at Frankfurt this week, Ferrari are busy dropping bits of PR stuff to keep up interest. Today’s helping is Ferrari F1 driver Fernando Alonso having a play in Ferrari’s new convertible. This is the first time we’ve seen Ferrari’s new drop-top on the move, and it looks every bit as good as it coupe sibling.