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Ashton, Illinois, US
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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.
Audi reveals a new turbo engine for Euro-spec A5 coupe
Fri, 05 Aug 2011Audi is putting a new engine in the sleek A5 coupe, targeting better fuel economy. As of now, though, it's not scheduled for the United States. The turbocharged four-cylinder unit will displace 1.8 liters and deliver 170 hp.
BAC Mono
Wed, 23 Mar 2011Another name to emerge amidst the numerous English niche manufacturers, are Briggs Automotive. Taking the fight to cars like the Aerial Atom and Caparo T1, the BAC Mono is a lightweight carbon fiber tubbed single seater, proving that once again less is more in terms of performance. Boasting a kerb weight of just 540kg, the single seat ‘ultra high performance, road legal sports vehicle' was produced using race-bred technology in order to deliver a purist driving experience.