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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.

Dodge uncages 2010 Viper SRT10 Final Edition

Packing 600 hp and clad in a sinister black-and-gray paint scheme, the ominously named 2010 Dodge Viper SRT10 Final Edition was unwrapped on Tuesday. This snake is yet another special edition of the supercar as Dodge celebrates the final year of the current generation. The car’s future is unclear.

Peugeot Onyx Hybrid Supercar Concept at Paris. UPDATED: Photos

Peugeot are teasing what appears to be the Peugeot Onyx Concept on their Facebook page, a hybrid supercar heading for the Paris Motor Show. We already know that production versions of the Peugeot 208 GTi and Peugeot XY luxury 208 are heading for the Paris Motor Show, but it appears Peugeot will have something a bit more dramatic on offer. Peugeot has revealed a teaser photo of a new concept car for Paris on their Facebook page this afternoon, and a bit of digging around French motoring web site turns up more detail.