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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.

Ford Mondeo Titanium ECOnetic launched

Ford has launched an ECOnetic version of the Mondeo in Titanium trim Ford has announced the launch of the Mondeo Titanium ECOnetic today. Which gives you all the extra toys the Titanium model offers but throws in the ECO bits that make the car cheaper to run. So you still get all the extra bits that make the Titanium more liveable with but you get the ECOnetic bits bolted on top.

Renault Twingo

Renault has released the first official picture of the new Twingo, a model set to make its debut at the forthcoming Frankfurt motor show. A clear departure from current form, the revised Twingo adopts the DRG from the DeZir, R-Space and Captur concepts. The full width grille sits atop foglights reminiscent more of the Nissan Juke than the DeZir's smaller items.