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Crunch watch Dec 08: the auto industry in crisis
Wed, 31 Dec 2008By 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.
VW Up! to launch at Frankfurt 2011
Sun, 07 Nov 2010The VW Up to Launch Frankfurt 2011 It seems like an awfully long time since Volkswagen announced to the world that it was going to make a small range of city cars to cope with modern eco-sensibilities and recession-motivated downsizing. In fact as long ago as April 2009 we reported that VW were to make the Up! in Bratislava with a range of super-eco three-pot engines.
Mitsubishi to preview next generation SUVs in Tokyo
Thu, 17 Oct 2013Mitsubishi will showcase three new concept cars at next month’s Tokyo Motor Show, all of which are said to preview the next generation of Mitsubishi SUVs. They’re called the Mitsubishi Concept GC-PHEV, the Mitsubishi Concept XR-PHEV and the Mitsubishi Concept AR. On Bing: see pictures of Mitsubishi concept cars Find out how much a used Mitsubishi costs on Auto Trader The Concept GC-PHEV – or Grand Cruiser – is a full size SUV that will provide several clues to the future direction of the venerable Mitsubishi Shogun.