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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.

McLaren P1: First interior photos arrive

Ahead of its debut at the 2013 Geneva Motor Show next month, McLaren has sent us the first interior photos of their new hypercar. As we already know, the P1 isn’t following the almost unique 1+2 seating concept of the McLaren F1, but has opted to make it a regular two seater. That means that there will be no right hand drive cars – they’ll all be left hand drive – and McLaren are left deciding how to make the P1′s cockpit unique.

2011 Buick Regal: Bringing back an old name

Buick will show its new sports sedan, the 2011 Regal, to potential sports-sedan customers in Los Angeles on Thursday. L.A. is the perfect place.