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Grand Day Out Promised To Celebrate Mitsubishi UK’S 40th Year

MITSUBISHI in the UK has set out its plans to celebrate a landmark anniversary, as it’s 40 years since the company started importing cars. To mark the occasion the firm is organising a tour for 60 vehicles manufactured before 2001, taking place on Saturday 31st May. The tour will start and finishes at Rendcomb Airfield in Gloucestershire.

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.

Fiat plans Chrysler makeover in 2011

Chrysler is to get a complete overhaul in 2011. After months of uncertainty, its new masters at Fiat are planning a raft of new models and targets to more than double UK sales. Despite only selling 2692 Chryslers in the UK during 2009, Fiat and Chrysler marketing director Elena Bernardelli told Business Car magazine she expects Chrysler sales to exceed 6000 in 2011.