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Crunch watch Dec 08: the auto industry in crisis
Wed, 31 Dec 2008By 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.
MINI Rocketman could be heading for production – if BMW can find a chassis
Fri, 29 Nov 2013The ‘Mini’ MINI Rocketman (pictured) could go in to production The MINI Rocketman Concept was revealed at the Geneva Motor Show in 2011 as a smaller MINI than the one BMW were selling at the time, and it looked like BMW were considering going the smaller route to make the MINI more fun. But with the 2014 MINI now revealed, BMW has gone the opposite route by underpinning the new MINI with the UKL platform that will also underpin the next BMW 1 Series, and made the latest MINI even bigger than the last one. But it seems BMW still see mileage in a ‘Mini MINI’ and appear keen to find a way to make the Rocketman a production reality.
What Car? True MPG reveals most fuel-efficient cars
Fri, 02 May 2014We’ve known for a while that there’s a huge gulf between the official fuel economy figures for new cars and what drivers achieve in the real world. What Car? says that its True MPG tests provide a more realistic figure and over the past two years it has tested almost 400 cars. Now, it has revealed which 10 cars proved most efficient its True MPG tests, so if you’re hoping to spend less at the fuel pumps, these cars could be well worth a look.