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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.

Land Rover Discovery 4 (2010): first official photos

By Tim Pollard First Official Pictures 08 April 2009 00:01 Land Rover is today unveiling a family of gently chiselled full-size 4x4s – think of it as Solihull’s answer to the changing zeitgeist and the next step in Land Rover’s greening of its range. The new Discovery gains a clean new diesel and can now claim a 30mpg average; there’s also a new interior and an exterior facelift – enough to warrant a new Discovery 4 badge. The big news under the bonnet of Discovery 4 is the arrival of the new Jaguar Land Rover 3.0-litre V6 diesel.

Cadillac ATS coupe confirmed

General Motors plans to introduce a coupe version of its Cadillac ATS compact next year, one in a spate of vehicle introductions for the luxury brand. Several dealers told Automotive News they were shown an ATS coupe at a national dealer meeting in Las Vegas this month. Also unveiled to dealers was the 2015 Escalade, which is expected to go into production in January.