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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.

BMW F1 sold back to Sauber

Peter Sauber has taken control of the BMW Sauber F1 Team BMW is getting out fo Motorsport in a big way. Not only has it left F1 but it’s rumoured that they are also pulling out of WTCC after narrowly losing out to SEAT. But at least the BMW F1 Team looks likely to survive almost intact.

Top Gear: Albania, RR Ghost, Merc S65, Mulsanne & Jonathan Ross

Top Gear arrive in Albania to test cars for plutocrats who like to drive As we said last week when Top Gear played host to Boris Becker as the Star in a Reasonably Priced Car – he can’t hit the top of the leaderboard. In Boris’s case it’s not a lack of talent that stops him achieving a top time, it’s his size. He’s just too big – and too heavy – to notch up a really quick time.