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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.

Mercedes G-class facelift (2012) first pictures

As old as the hills it rumbles over, the Mercedes G-class has been treated to yet another series of design tweaks and drivetrain updates to keep the boxy favourite fresh. The Merc G-class still looks largely like an military-spec off-roader to me. What's new?

Renault Laguna Coupe (2008): first pictures

By Ben Pulman First Official Pictures 24 May 2008 21:00 How do you add a dash of pizzazz to the underwhelming looks of the Laguna saloon? Renault’s answer - in the shape of the new Laguna Coupe - seems like a good one: lop off two doors, drop in a 3.5-litre V6 from the Nissan 350Z and garnish with your own four-wheel steer system. Make the car shorter and wider than the saloon and then get your imposing Lebanese CEO to drive it around the Cannes Film Festival.