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Crunch watch Dec 08: the auto industry in crisis

By Tim Pollard and Simon Stiel Motor Industry 31 December 2008 14:05 Wednesday 31 December 2008• GMAC, GM's finance arm, said it would immediately revise its criteria for providing loans, after the US government bail-out of the General's credit arm. It will now supply credit for anyone with a score of 621 or more on the Fico scale, the scale used to assess Amercian customers' creditworthiness (Financial Times)• The news means that 80% of US consumers would now qualify for a loan from GMAC – which should improve sales in the depressed US market (Detroit News)• Chrysler is being lambasted for taking out full-page adverts in the American national press thanking the nation for supporting its auto industry. But critics point out this is a fresh waste of bail-out resources, as pages in the Wall Street Journal – one of the titles in which the ad ran – reportedly cost up to $264,000.

Audi Sport Quattro Concept grips the 2013 Frankfurt Motor Show

Audi has revealed the Sport Quattro Concept here at the 2013 Frankfurt Motor Show – 30 years after it first showed the original Sport Quattro at the same Frankfurt show in 1983. A retro-inspired but thoroughly high-tech concept, it packs a 700hp V8 plug-in hybrid engine for explosive performance that has an unexpected green twist, too.

Infiniti JX (7-seat crossover) tease – now it’s the C-Pillar. Whoopee!

Infiniti JX Concept Tease - now it's the kinky c-pillar Last week we finally relented and decided we needed to cover the tease ahead of the launch at Pebble Beach of the Infiniti JX Crossover. So far we’ve had a blurry motion image which gave us a familiar Crossover/SUV shape, a glimpse of the front from low-down on the front nearside three-quarters, and a shot of the tail light with a glimpse up the side of the JX. We’re now treated to a photo looking down on the JX from the nearside rear three-quarters.