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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 Terra SUV concept (2012) first official pictures

This is the Nissan TeRRA (which we'll be referring to as the Terra from now on.) It's a hydrogen fuel cell-powered concept car that'll debut on Nissan's stand at the 2012 Paris motor show from 27 September. Strictly a design study with no plans for production, it does nevertheless confirm that Nissan is thinking seriously about fuel cell-equipped cars, and that once the infrastructure is viable, Nissans will be quick to adapt to a hydrogen-fuelled future. It's not Leaf-style EVs, you know.

New 2014 Jaguar F-Type video highlights speed and handling ahead of Paris motor show debut

With anticipation for the 2014 Jaguar F-Type sports car building ahead of the car's Paris motor show debut, the boys and girls at Jag are keeping the video previews rolling. Today's episode focuses on the F-Type's driving dynamics. Jaguar's test drivers and engineers flog the car on three tracks—Nardo, the Nurburgring and the company's test track in Old Blighty.