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Crunch watch June 09: the auto industry in crisis

By Tim Pollard, Ben Pulman and Peter Adams Motor Industry 30 June 2009 11:35 Welcome to CAR's news aggregator as we round up the seismic change in the auto industry. Top tip: news summaries are added from the top hour-by-hour  Tuesday 30 June 2009• Porsche says it is no longer applying to the German Kreditanstalt für Wiederaufbau central bank for a €1.75 billion bridging loan. This means it'll now have to seek finance elsewhere (Porsche) • Seat announces its best-ever month for used car sales; it sold 915 second-hand cars in May (Seat)Monday 29 June 2009• Jaguar Land Rover has opened its first showroom in India.

Nissan says the Leaf EV beats the Chevrolet Volt with 367 mpg

The green car mileage race is now under way, and Nissan Motor Co. isn't impressed by the Chevrolet Volt's 230-mpg claim. The Japanese automaker says its new Leaf electric vehicle gets 367 mpg, or about 60 percent better fuel efficiency.

BMW-Toyota partnership may yield hybrid Z4, new Supra

The BMW-Toyota sports-car lash-up has been reported on for a couple of years now, but new information from a report in the U.K.'s Autocar sheds more light on the future of the BMW Z4 and what this year's Toyota FT-1 concept will ultimately herald. Like the current Z4, its predecessor and the Z3 before it, as well as every generation of Supra, the new platform will feature a front-mounted gasoline engine. From there, things look to be diverging wildly as technology marches forward.