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GM reveals new, highly modular Ecotec engine family

GM introduced its new modular family of Ecotec engines on Wednesday at its powertrain headquarters in Pontiac, Mich. The new, reduced-in-size three- and four-cylinder mills will replace three of GM's current engine families, eventually making their way into five of the company's brands. The Ecotec family will eventually spawn 11 engines in total, ranging in displacement from 1.0 liter to 1.5 liters.

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.

GM recalls midsize cars for transmission fix

General Motors is recalling the Chevrolet Malibu, Pontiac G6 and Saturn Aura to fix a problem with the transmission shift cable. GM says the tabs on the cable end may break. If that happens, the shifter indicator may not match the transmission's gear.