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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.

Ford teams up with Heinz for tomato car parts

Ford and Getty Images Forget carbonfibre, the new must-have material on your vehicle will soon be tomato fibre – or so Ford and food manufacturer Heinz are hoping. The American carmaker and the food giant have teamed up to "explore the use of tomato fibre to develop a sustainable bio-plastic material for vehicles," bringing environmentally friendly motoring to a whole new level. Ford and Heinz tomato car parts: how will they work?

'Dracula' rides through Transylvania

A BRITISH man dressed as Dracula has just completed a bizarre road trip through historical Transylvania, riding a classic Ural motorbike fitted with a coffin as a sidecar. Nick Cunningham, 47, has just completed the ghoulishly good three-day journey along some of Europe’s best roads and scenery. And as if Dracula wasn’t enough for the locals to cope with, Nick’s companion for the trip, six-foot-four Nick Jackson, was dressed as Frankenstein’s Monster.