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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.

BMW Z2 at Geneva

BMW Z2 Spy shot snapped last year in the US The idea of a sub-Z4 roadster from BMW has been a round a while. Well, at least as long as the Z4 has. And while we have no idea if it will be called the Z2, it does seem logical.

Mercedes-Benz reveals Vision Golf Car concept

Mercedes-Benz has revealed a concept of what it bills as the “ultimate golf cart” as part of activities at this year's British Open at the Muirfield Golf Club in Scotland. The concept was created at Mercedes-Benz's advanced design studio in California using ideas submitted by golf fans in a competition held by the German car maker. The swoopy two-seater adopts a number of design cues from current Mercedes-Benz models along with a doorless, one-box profile to give it a contemporary appearance that transcends traditional golf cart design.