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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.

The Ford Mustang of the future could have been a Mazda

It seems like enthusiasts are always trying to figure out what Mazda's cooking up. Today, we're curious about how the Japanese automaker will bring its sport-roadster experience to a partnership with Alfa Romeo. In the June 30, 1986 edition of Autoweek, it was whether Mazda and Ford were going to create some sort of pony car love child.

Concept Car of the Week: Suzuki GSX-R/4 (2001)

Christmas is over. You ate kilos of chocolate, you opened your socks and your fancy gadgets, but let's be honest, deep inside you miss the times toys waited for you under the tree. But who said toys were only for kids?