Since any map projection is a representation of one of those surfaces on a plane, all map projections distort. Every distinct map projection distorts in a distinct way. The study of map projections is the characterization of these distortions.
If you have the car as collateral, the loan company will take the car. The co-signer is not automatically put on the title, that would be between you and the co-signer. My father co-signed a loan when I was younger, and my name was on the title, not his.
The title can be transferred from the car dealership or individual seller to the lender (if you took out a loan) or to you (if you paid for the car in full), but you'll likely need to ask them to do this. The following information is usually included on a car title: Vehicle identification number (VIN)