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Designer Albrecht Graf Goertz dies

One of the world's legendary designers, Albrecht Graf Goertz, has died aged 92. Goertz was best known for his work at BMW, though he also worked with Porsche, Nissan and Toyota during his career. His most acclaimed works are the BMW 503 and 507 models - but Goertz also had a hand in the design of the 1964 Silvia 1600 Sports Coupe.

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 Versa hatchback previewed by Japan-market Note

The Nissan Versa hatchback will be redesigned, with styling similar to that of the new Note subcompact that the automaker revealed in Japan on Monday. Nissan said the Note will go on sale in Japan this fall and in Europe in 2013. The carmaker did not say when the Versa hatchback will go on sale, but the car is expected to reach showrooms early in 2013.