Vintage Machine Mirror Rear View Truck Mirror 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.

CAR interviews Volvo design vice president Peter Horbury (2010)

By Tim Pollard Motor Industry 04 February 2010 07:00 CAR recently spent some time one-to-one with Peter Horbury, Volvo's new vice president of design. Horbury, who pioneered Volvo's modern look in his previous stint as design boss from 1991 to 2002 spent five and a half years in charge of Ford's North American design studio. But in May 2009, Volvo CEO Stephen Odell asked Horbury to return to the top job in Gothenburg.

2014 Chevrolet Cruze Turbo Diesel to deliver 46 mpg on highway

General Motors said the 2014 Chevrolet Cruze Turbo Diesel will deliver an estimated 46 miles per gallon on the highway, besting the company's initial target by four mpg. The estimate is also good enough to top the rival 2013 Volkswagen Jetta diesel, which achieves 42 mpg on the highway. The Cruze's 2-liter turbo diesel engine produces 148 horsepower, compared with 140 hp for the Jetta diesel.