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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.

Top Gear 'for inner nine-yea-old'

THE BOSS of BBC hit Top Gear says the presenters' childish antics are a success because they are a "release valve" for the increasing stresses of our working lives. Executive producer Andy Wilman said the programmes helped viewers to reconnect with their nine-year-old selves because life for adults is "bloody hard". In an interview with Radio Times, he also bemoaned the constraints of the workplace, which could be seen as a swipe at the strict levels of compliance which apply to BBC TV shows.

Happy Fathers Day! Dads, kids and cars

Get them on the go as soon as you can; get them enthusiastic; but leave time for a cuddle. Today is Fathers Day. A day when the brood tell Dad how wonderful he is.