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FCA issues warning on logbook loans
Fri, 06 Jun 2014VULNERABLE 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.
Volvo V40 gets new Drive-e D4 and T5 engines
Thu, 27 Mar 2014The Volvo V40 (pictured) gets Volvo’s new Drive-e engines Last year Volvo revealed its new, efficient and flexible Drive-e engines and plans to offer them in the S60, V60 and XC60 with a 179bhp D4 and a 302bhp T6. Now, the new Volvo V40 is getting Drive-e powertrains. Both the V40 and the V40 Cross Country are getting Drive-e engine options, with both the D4 diersel and T5 petrol coming on-stream from May 2014.
Alfa Romeo Giulietta (2010) first official pictures: it's the new 147
Wed, 02 Dec 2009Alfa has revived an historic badge for its all-new 147 replacement, seen here in these first official pictures issued today. Following a last-minute decision to ditch the name Milano – precipitated by angry Milanese workers irritated at Alfa naming the car after the town despite having shifted operations to Turin – the Golf fighter will be called Giulietta. Using a new platform that will underpin the next Fiat Brava, the Giulietta uses a mix of steel and aluminium clothed in bodywork that borrows cues from the 8C supercar – sort of – including sweptback headlights and a narrow glasshouse.