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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.

£500m scheme introduced to boost electric car ownership

Newspress Deputy prime minister Nick Clegg is today launching a £500 million scheme to boost electric and hybrid car ownership in the UK.   Perks for electric car drivers The funding will provide extra perks to encourage more drivers to trade in their old, conventionally powered cars for electric or hybrid vehicles. Councils will be able to apply for funding if they come up with plans to encourage people to ditch their petrol and diesel cars – for example, by offering free parking to electric vehicles and giving them the right to drive in bus lanes.

Vauxhall Meriva concept teaser (2008)

By Glen Waddington First Official Pictures 21 February 2008 16:22 It's suicide time for Vauxhall's mini-MPV. This sneak preview of the Meriva concept to be unveiled at the 2008 Geneva Motor Show reveals suicide-style rear doors that will be a production certainty for the next-gen Meriva. The mini-MPV will retain its B-pillar so that structural integrity is maintained and so the rear doors can be opened independently of the front ones.'The rear-hinged doors are both lighter and less expensive to engineer than sliding doors,' said Sara Nicholson, GM's European product manager for compact cars.