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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.

CAR interviews Hermann Tilke, the F1 architect (2014)

By Tom Clarkson Motor Industry 27 August 2014 09:50 Is this man a genius? You have to hope so because he’s designed half the tracks on this year’s Formula One calendar; and cars, irrespective of their performance, are only as spectacular as the tracks around which they’re racing. Monaco is utterly captivating, Bahrain less so – you get the idea.

Four Daihatsu concepts for Tokyo 2013 debut

If you thought the old Daihatsu Copen roadster was a bit feminine for a ‘sports’ car, you’ll be pleased with this: Daihatsu’s new, butched-up, small two-seater roadster, the 2014 RMZ Kopen concept. The aggressive-looking mini cabriolet will make its world debut at the 2013 Tokyo Motor Show later this month alongside another, rather interesting version of Daihatsu’s didi prototype – the off-road-inspired XMZ Kopen concept. Please click on the image above to read more on the Daihatsu concept cars for Tokyo 2013…