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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.

Toyota reveals Qashqai rival teaser

THE CROSSOVER bubble seems to be far from bursting, with Toyota revealing a sneak preview of the car it hopes can challenge the Nissan Qashqai. The C-HR concept will be revealed fully for the first time at the Paris Motor Show at the beginning of October. It is said to be fitted with a hybrid drivetrain and is likely to be based on the same chassis that underpins the Lexus NX compact SUV that has recently been launched to global media.

Chevrolet is taking orders nationwide for the 2012 Volt

Chevrolet has opened the order window for the 2012 Volt to buyers in all 50 states. The 2012 model carries a base price of $39,995, including an $850 destination charge. That's $1,005 less than the base price of the 2011 model because the navigation system is now optional instead of standard equipment.