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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.

2015 Nissan 370Z Nismo facelift revealed

2015 Nissan 370Z Nismo facelift revealed It’s only a year or so since the new Nissan 370Z Nismo arrived in the UK, but Nissan is already rolling out a new and improved version. The cosmetic tweaks are the usual fodder of a new front bumper – which takes its cues from the GT-R – new LED running lights, red highlights for the vents, new side sills and door mirrors and a smaller spoiler than before. On the inside, the changes amount to red and black leather, Alcantara and a new set of Recaros.

McLaren P1 Nurburgring record time is…a fiction for designers inspiration

The source for the story was an image taken from a Chinese website showing the McLaren logo and a time board showing the P1 as having done a lap of the Nurburgring in 6:33s. The image was real, but the story wasn’t. It seems the image was part of a ‘Mood Board’ McLaren put together when they were designing the P1 to inspire their designers with what could be possible, and that’s found its way on to the Interwebs in China.