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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 15 most significant cars of the 2011 Frankfurt motor show

Over 100 new cars were unveiled at the 2011 Frankfurt motor show, but which are the most important? From production cars to concepts that will never be built, CAR's road test editor Ben Pulman, decides on the 15 most significant models premiered at the IAA...  1 – Land Rover DC100 concept Chunky and funky, it’s Land Rover’s Evoque, the Defender urbanised, modernised and stylised for the 21st century. Range Rovers have become too ‘bling’, but the DC100 has the restrained elegance of the Disco 3 – we’ll ignore its bright yellow sister, the speedster-style DC100 Sport.

Bentley Continental GT Design Series China & Continental Flying Spur Speed China Revealed

Bentleys China Design Specials - replete with Orange Flame and Magenta Metallic We know that this month sees the Beijing Motor Show which will showcase all the goodies – and baddies – the Chinese motor industry has to offer. And we also know how important China is becoming to high-end Western car makers. None more so than Bentley.