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Video: Lexus' Calty design team on their LF-LC concept

Lexus has released an official video of its Lexus LF-LC concept, winner of the ‘Best Concept Car' at the 2012 EyesOn Design Awards. The video features comments from the design team at the company's Calty studio in Newport Beach, California, including Project Chief Designer William Chergosky, Senior Creative Designers Edward Lee and Ben Chang, Studio Manager Ian Cartabiano as well as President Kevin Hunter. The LF-LC hybrid sports coupe is the result of a brief to the Calty team to design a future hybrid sports coupe concept.

Ford's legendary Mustang turns 50

THE ICONIC Ford Mustang has reached its 50th birthday and the largest gathering of racing models ever in the UK is being planned to mark the occasion. More than 25 race-prepared Mustangs are being assembled for the Silverstone Classic event on 25-27 July. Among the cars entered for the race there are several famous models from the cars early days in the 1960s, as well as many that are regularly raced today in historic competitions.

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.