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Why this year's UAW-Detroit 3 talks don't matter

Here's what you need to know about the current UAW contract talks with the Detroit 3: They don't really matter. Oh, sure, agreements must be reached and contracts signed. But some commentators would have you believe the Detroit 3's future competitiveness hinges on their ability to stand up to the UAW in this year's negotiations.

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.

How much does the Pagani Huayra cost? 825,000 Euros.

The Pagani Huayra. Starts at €825k We’ve had the whole Pagani Huayra tease, followed by the Pagani Huayra leak and then the Pagani Huayra reveal. But one question has been on the lips of those who aspire to a Huayra: How much does the Pagani Huayra cost?