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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.

Vauxhall Meriva (2010): first news and pictures

By Tim Pollard First Official Pictures 05 January 2010 00:01 The new Vauxhall Meriva is opening up entry to the suicide door club – previously the preserve of Rolls-Royces and Mazda sports cars. Unveiled today, the new Meriva mini-MPV premieres GM’s FlexDoor technology, designed to make it easier to climb in and out. Or just show off in the car park (delete according to your personal scepticism).Although available on one side of the Mini Clubman, the Meriva promises to democratise the suicide door, with prices from around £14,000 when UK sales start in June 2010.The rear-hinged back doors open to nearly 90deg and are claimed to help ease access to the Meriva – a promise we’ll check out when we sit in it at the 2010 Geneva motor show.

MG Icon concept

The MG Icon concept will be unveiled at the Beijing motor show next week in order to test public reaction to a small crossover, as well as suggesting a new design direction for the brand. Similar in size to the Nissan Juke, the Icon – as its name suggests – plays on MG's back catalogue of classic cars, something the company hasn't done since its takeover by Nanjing and subsequently SAIC in 2005. Despite clearly different proportions the Icon pays homage to the MGB GT sports coupe via its lamp and grille graphics, bumper overriders and fastback tailgate.