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Mini takes to the field for London 2012

Although there’s no motorsport in the London 2012 Olympic and Paralympic Games, Mini will be making an appearance during the track and field events in the Olympic stadium. A fleet of three remote-controlled, quarter-scale Mini Cooper JCWs are charged with retrieving javelins, discus, shot and hammer, and will cover around 6000 metres per day while on duty. Each ‘mini Mini’ has a potential payload of 8kg, and will be operated by specially-trained ‘Games Makers’.

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.

LCV VALUES DEFY POOR CONDITIONS

AN INCREASE in demand for four-wheel drive light commercial vehicles saw LCV values rise during December 2010, according to new figures from British Car Auctions. After reaching a low-point in November, the cold weather inspired a £37, or 0.9 per cent, rise in average LCV values to £4,067. Values were also boosted by a 25 per cent decline in the number of vehicles that came to auction during the month.