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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.

VW Golf Plus unveiled at Bologna motor show

By Ben Pulman Motor Shows 03 December 2008 10:20 Volkswagen used today’s Bologna motor show to unveil its Mk2 Golf Plus, the third Golf model (after the three- and five-door hatchbacks) to get Wolfsburg’s latest looks. That new nose is indeed the obvious change. The headlamps, now with daytime running lights, receive a little nip on the inner edges and the two-bar grille is now in high-gloss black.

Audi SQ5 (2012) first official pictures

The first of Audi's sporty production SUVs has arrived, in the shape of the 309bhp diesel-powered SQ5. It's the first S-badged Audi to feature an oil-burner plumbed in behind its prodigious front grille, though Audi is confident it's still every bit as worthy of the badge as its petrol-sipping brethren. What are the figures on the new Audi SQ5?