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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.

2012 Porsche Boxster unveiled

2012 Porsche Boxster revealed The 2012 Porsche Boxster has been revealed with a new lightweight body, revised chassis and engines – and looking much the same as the old Boxster. The 2012 Porsche Boxster (or, as always, if you’re on the other side of the Pond, the 2013 Porsche Boxster) has been revealed, not at the Detroit Auto Show, but, just as Audi did yesterday with the A6 Allroad, as a diversion from the car antics in North America. Looking, as you would expect from Porsche, little different to the current Boxster, the new Porsche Boxster does however get a thorough makeover of body, engines and chassis to make the new Boxster fit to fight for another decade (or so).

Mercedes' new four-cylinder diesels

By Stephen Dobie Motor Industry 11 April 2008 09:00 Mercedes has announced a new diesel engine, and it’s a win win situation – power is up, emissions are down. The environment can breathe a (small) sigh of relief while you have a bigger smile on your face. More importantly, it will form the base of Stuttgart's first diesel hybrid.