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Detroit Electric moves production to Holland

Detroit Electric is going ahead with production of its Lotus-based sports car in the lovely Detroit suburb of…Holland. Unfortunately it's not the coastal city in the western part of Michigan, but the one in northern Europe. The facility will begin production in the fourth quarter of this year, according to the Detroit News.

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.

Studiotorino unveils Porsche Cayman-based Moncenisio

Studiotorino is an Italian coachbuilder, based in the city that its name suggests -- on the banks of the Po River, deep in the heart of Turin. It came to prominence thanks to a smattering of projects: a buttressed, fastback Mercedes-Benz SL, a Fiat 500 named after beloved Italian pulp hero Diabolik and a Maserati Quattroporte wagon that they appropriately renamed "Cinqueporte." But Studiotorino is also infatuated with the Porsche Cayman. To that end, the firm has introduced the Moncenisio, a Rhapsody in Blue rebody of the Typ 981 that aims to do for German sports cars what Figoni et Falaschi did for the Delahaye and what Porcubimmer Motors did for a BMW 3-Series.