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Chrysler performance guru Dan Knott dies at 51

Chrysler senior vice president Dan Knott emerged as an unquestioned powerbroker in the industry, deftly navigating the flying circus that can be automaker-supplier relations. But enthusiasts of all stripes owe Knott a debt of gratitude, as he was a performance guy long before he became a well-known industry executive. Knott, 51, died April 29 after a battle with cancer.

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.

Toyota U.S. operations moving to Texas

After 57 years in Los Angeles, Toyota Motor Sales U.S.A. is moving its sales and marketing headquarters to Plano, Texas, sources close to the matter said. The move will occur in stages and take two years to complete, according to sources.