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Ferrari salutes Sergio Pininfarina

Ferrari has a singular identity, but the look, the image and the attitude were crafted, elevated and carefully honed largely by another superlative Italian company—Pininfarina. Mindful of this, the Prancing Horse paid tribute to longtime Pininfarina chairman Sergio Pininfarina, who died on July 2 at the age of 85. “Calling his relation with Ferrari legendary is insufficient,” Ferrari chairman Luca di Montezemolo said in a statement.

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.

Petrol sales at record low in March

PLUNGING PRICES at the pumps failed to prevent petrol sales dipping to their lowest figure on record in late winter this year. UK drivers bought 1.367 billion litres of petrol in March 2014, according to Government figures highlighted by the AA. This was the lowest recorded figure, with the previous low point being March 2013 - the coldest March for 50 years - when sales only reached 1.376 billion litres.