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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.

Design Contest: Renault UK launches Twizy student design competition

We all know how expensive higher education is, so the chance to win up to £9,000 towards UK tuition fees in return for submitting graphic designs for the Renault Twizy sounds very appealing. All you have to do is visit designatwizy.co.uk to download a layout of the front, side and rear and submit as many entries as you like. The closing date is 20 February, when a panel including Senior Vice President, Corporate Design, Laurens van den Acker will choose a top 10 to enter a public vote.

Ducati 1199 Panigale merges components, sheds weight [w/gallery]

Ducati has released an image of its new 1199 Panigale without its fairings, illustrating how multiple elements of the bike have been fused together to make it incredibly lightweight and compact. The motorcycle manufacturer has managed to reduce the overall dry weight to be reduced by 10kg to a benchmark weight of just 164kg. The monocoque connects to the specially-designed engine's cylinder heads and comes forward to house the steering head bearings.