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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.

Mazda RX-8 facelift (2008): first official pictures

By Ben Pulman First Official Pictures 13 January 2008 10:47 Mazda’s facelifted RX-8 arrived at the Detroit Motor Show, and it’s more of a mild nip and tuck than a drastic overhaul. Mazda hasn’t suddenly dropped in a V6 or anything like that – so far over 165,000 rotary-engined RX-8s have been sold and Mazda doesn’t want to mess with a recipe that works. That means it’s still a four-door, four seater with 'Freestyle' (suicide to you and me) doors, and a unchanged 1.3-litre turbine engine available in 189bhp and 228bhp states of tune.

BMW i8 Spied

The BMW i8 being filmed for BMW TV Just the other day we brought you the BMW i3 out playing in Scandinavia so, to complete the set, we thought we’d add to that with the BMW i8 doing exactly the same. These photos of the i8 being snapped in the snow are being reported as camouflaged cold-weather testing for BMW’s new “i” range of cars. Which – if you look carefully at the front of the i8 above – would seem unlikely.