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Crunch watch Dec 08: the auto industry in crisis
Wed, 31 Dec 2008By 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 650S Sprint revealed – debuts at Pebble Beach
Tue, 12 Aug 2014The McLaren 650S Sprint arrives to hit the track The arrival of the McLaren 650S in February (and the end of the 12C, unless it’s being replaced by the McLaren 625C) meant, in all probability, that the various hardcore versions of the 12C would be replicated for the 650S. We’ve already has the new McLaren 650S GT3 at Goodwood this year, and now we get the car that fills the gap between the 650S and GT3 version for McLaren owners to take to the track – the McLaren 650S Sprint. The 650S Sprint – which we assume replaces the 12C Sprint – keeps the 650S’s 641bhp V8 but adds a hefty dose of track specific updates to make the Sprint more focused and with sharper responses.
Kia Magentis (2011): the first styling sketch
Mon, 22 Feb 2010The new 2011 Kia Magentis design sketch By Tim Pollard First Official Pictures 22 February 2010 11:51 This is our first look at the new 2011 Kia Magentis – a solitary design sketch showing what next year's new family car will look like.The new Magentis will be shown for the first time at the New York auto show on 2 April 2010 and Kia says it is longer, lower and wider than its predecessor. 'The new Magentis features a significantly longer wheelbase and will offer considerably more space for both people and luggage,' says the company.That, however, is the sum of the detail confirmed by Kia on its new family car.When can I buy the new Kia Magentis?Not many people will in the UK – they only sold 333 here last year. But should you want to, the new Magentis goes on sale in spring 2011 in Europe, six months after its US launch.