Honda 35100-hn1-000 Switch, Ignition on 2040-parts.com

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.

Ariel Ace (2015): the new motorbike from the makers of the Atom

By Jonny Edge First Official Pictures 25 June 2014 10:47 British sports car manufacturer Ariel - best known for manufacturing the big boy’s go-kart, the Atom - has pulled the covers off its first new motorcycle in more than 50 years. The Ariel Ace bike will be priced from around £20,000, and will be manufactured in small numbers alongside the Atom sports car at the Ariel headquarters in Somerset. The Ace will build upon Ariel’s relationship with Honda by featuring its 173bhp 1237cc V4 engine and drive system.

GM confirms Chevrolet Spark minicar is headed to the U.S.

The Chevrolet Spark minicar will hit U.S. shores, General Motors said on Thursday from an auto-industry conference in Traverse City, Mich. The Spark will be built in the first half of next year as a 2013 model.