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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.
Volkswagen debuts tuned Jettas for SEMA
Tue, 05 Nov 2013It's easy to get the impression that SEMA is all about unattainable and outlandish show cars, ones that will never see the street, but in reality there is plenty of iron (or carbon fiber really) from all sides of all ponds that we could see people driving on the street. And just to reinforce that point, Volkswagen has brought a couple of tuned Jettas to SEMA that could almost pass for stock cars. This being SEMA, all that really means is that you're not looking hard enough -- the subtle cars you see are probably sleepers.
New York auto show 2012 review by Ben Oliver
Thu, 05 Apr 2012New York is not a city in love with the automobile. The titans of Wall Street may have the money to buy Ferraris and Lamborghinis but you rarely see them on the street: if the city's appalling roads didn't break them, its appalling driving would. But maybe that's why New York's 112 year-old 'auto show' is still so popular.