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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.

A look at GMC future products

In coming months, GMC will be working to reignite sales growth for its popular crossovers. After that, its focus will be on the next generation of its highest-volume vehicle: the Sierra pickup. The Acadia full-sized crossover will be restyled with extensive interior upgrades when it goes on sale in late fall.

Legends of the Autobahn at Monterey 2013

To prove that there really is something for everyone in Monterey Historics week, on the same day that Concorso Italiano takes place, and The Quail, there’s a further gathering that focuses on Teutonic machinery – Legends of the Autobahn. Now in its fifth year and run by the BMW Car Club of America, Legends of the Autobahn sees the Mercedes-Benz Club of America, Porsche Club of America and Audi Club North America teaming up to produce a show that’s more intimate than most other parts of the Monterey Historics week – but no less absorbing.