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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.

Citroen GT (GTbyCitroen Concept) – in the flesh

The GTbyCitroen Concept (Citroen GT) is making a Summer tour of Motor Events in Europe Which all fits very well with Citroen’s desire to reposition itself as a Premium Brand. The new range of Citroen DS models is part of that way forward, and Citroen obviously believes – probably quite rightly – that the Citroen GT is potentially a great ‘Halo’ model for the company. So Citroen are going to spend the Summer schmoozing with the Citroen GT at some high profile events.

Citroen DS5 production-ready a Frankfurt

Citroen DS5 - Production ready at Frankfurt The Citroen DS5 debuted at Shanghai earlier this year – after a suitable tease, of course – but is arriving at Frankfurt as a production-ready car. Not that we can work out what Citroen has changed on the DS5 to make it production-ready. It still looks concept-y good to our eyes, and has a more than fighting chance of making inroads against more conservatively styled competition.