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.

Mercedes SLS AMG – now it’s the interior

Mercedes SLS AMG - Interior images [ad#ad-1] Mercedes are really making the most of the upcoming SLS AMG Gullwing. Apart from the normal Spy-Snappers photos, we’ve had ‘Official’ spy pictures and even ‘Official’ SLS AMG spy videos. And now it’s the turn of the interior, although these do seem to be the finished product.

Frankfurt Motor Show 2009 Preview

The Frankfurt Motor Show 2009 runs from 17th -27th September to the public Many of the Japanese makers will be conspicuous by their absence, but that should be more than made up for by the launches from the big European makers. And of course the Koreans – in the guise of Hyundai and Kia – will do what they’re starting to do in the market place and fill the gap left by the Japanese. You can already check out all the stories in one place for The Frankfurt Motor Show 2009, but we thought we’d highlight a few of the cars we know are making an appearance, in case you’ve missed them in the last few weeks.