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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.

Ultimate luxury: 2014 long wheelbase Range Rover revealed

If you ever thought the Range Rover was a touch cramped in the back, you’re in luck. Land Rover has unveiled the first long wheelbase Range Rover for 20 years, adding even more comfort and space to the already lavish off-roader. Alongside this, it’s also confirmed a new "exclusive specification" for the line-up – the Range Rover Autobiography Black.

New Opel Monza revealed – sort of – ahead of Frankfurt debut

Opel’s Karl-Thomas Neumann (pictured) reveals the first look at the new Opel Monza Last week we revealed that there will be a new Opel Monza at this year’s Frankfurt Motor Show in September, although much of the detail was educated guesswork. And even though Vauxhall has taken some off the wraps of the new Monza this morning, we’re still not really any the wiser. Vauxhall/Opel are calling the Monza ‘The Future’ of the brand and say it represents a vision of the company’s future and will have a long term impact on production cars.