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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.

Nissan Juke Nismo RS at 2013 Los Angeles Motor Show

Nissan Nissan picked the Los Angeles show to reveal a pumped-up Juke Nismo RS version of its popular shrunken crossover. This is the US-spec Nismo RS and changes are likely to be made before it went on sale in the UK, according to officials in LA. The car you see here will go on sale in America in December 2013 and it's likely to jump over the Pond in 2014.

The best bits of Monterey Car Week 2014: a Pebble Beach photo gallery

CAR’s Ben Oliver is just back from the races, auctions and shows of Monterey Car Week, culminating in the Pebble Beach Concours d’Elegance. Here’s his completely unrepresentative photo-diary: as you’ll see, he got most excited by the oddball Concours de LeMons… The standard of restoration required to exhibit at the Concours de LeMons is a little lower than at the other Monterey Car Week events. This is the kind of thing you see parked on the street during Monterey Car Week: the Blastolene Brothers Dream Rod, with its 2000bhp, 41-litre Packard tank engine.