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Crunch watch Jan 09: the auto industry in crisis
Fri, 30 Jan 2009By Tim Pollard, Ben Pulman and Gareth Evans Motor Industry 30 January 2009 12:39 Friday 30 January 2009• Honda is about to close the Swindon factory for four months when Friday's shifts are finished; the shutdown will affect 2500 of the 3700 staff, who will receive full pay for two months and then 60% pay for the next eight weeks (BBC News)• Porsche has announced a sharp drop in sales and likely profits. It forecasts a 27% drop in 911, Boxster, Cayman and Cayenne sales to around 34,000 units in the six months to the end of January 2009 (Financial Times, subscription required)• Ford wants Washington to do more to stimulate car sales, after posting a record loss of nearly $14.6 billion earlier this week (Detroit News)• Honda's quarterly profit has crashed by 90% – forcing the Japanese car maker to halve its annual profit target (Detroit Free Press)Thursday 29 January 2009• Ford of Europe is a bright spot in the Blue Oval's quarterly results today, making $1.06 billion pre-tax profit in 2008 (up from $997m in 2007). It's the first profit of more than $1bn since 1989 (Automotive News Europe, subscription required)• Volvo suffered a 'disastrous 2008' with a pre-tax loss of $1.46bn.
New Honda NSX Concept to take on Goodwood Hillclimb in June
Thu, 20 Mar 2014The new Honda NSX Concept will take on the Goodwood hillclimb in June The arrival of the production version of the new Honda NSX Supercar is schedlued for 2015, and Honda are making sure the new NSX will arrive with high expectations. They’ve already announced the new NSX will go racing before it even goes in to production and they’ve had a new NSX out on track to try and show its ‘Green’ credentials are a positive not a negative. Now, Honda has announced that we’ll all be able to get up close and personal with the new NSX as it will be at the Goodwood Festival of Speed in June and will take on the Goodwood hillclimb.
Fiat 500C – Elle’s in love
Wed, 15 Jul 2009Elle Macpherson loves the Fiat 500C Convertible - Don't we all?! And today’s news is just another bit of PR frippery, but it gives us another excuse to run a photo of Elle Macpherson so soon after the Elle Macpherson with the new Jaguar XJ from last week. So that’s it really.