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Crunch watch Mar 09: the auto industry in crisis

By Ben Pulman and Tim Pollard Motor Industry 31 March 2009 13:48 Tuesday 31 March 2009• Porsche said that its earnings before tax rose to €7.3 billion in the six months to the end of January – including a €6.8bn windfall from its VW share options (Financial Times)• Fritz Henderson, GM's president and chief operating officer, will step up to replace Rick Wagoner, who was ousted on Sunday as CEO of General Motors (Financial Times)• President Obama is essentially CEO-in-chief of GM – despite not owning a single cent of stock, says Detroit News commentator (Detroit News)• German chancellor Angela Merkel gives assurances that any would-be investors in GM's European arm will be given state support. Opel is asking for €3.3 billion in aid – and up to 25,000 jobs in Germany depend on it, with up to 300,000 jobs across Europe including Saab and Vauxhall (BBC News)Monday 30 March 2009• General Motors' chief executive Rick Wagoner has been ordered to resign by US president Barack Obama with immediate effect. It's part of Obama's administration's critique of GM and Chrysler's turnaround plans – he's understood to be unhappy with the plans submitted (BBC News)• New GM non-executive chairman Kent Kresa has admitted that at the company's next general meeting it will have 'a majority of new directors' (General Motors)• Chrysler will receive US government aid for the next 30 days, but the Obama administration has said that if the company cannot secure a tie-up with the Fiat Group within that time period it will not receive any more money from the taxpayers and could go into liquidation.

New Micra Gets The Limited Edition Treatment

HOT ON the heels of launching its latest generation Qashqai, Nissan is shining the spotlight on its Micra supermini. The Japanese car maker has announced a new special version of its Micra - called the Limited Edition. Based on the mid-range Acenta model, the Limited Edition model features a host of visual changes to boost the recently revised and updated supermini.

Travis Pastrana canes the Global RallyCross Dodge Dart: Video

While Erik Carlsson showed the world that lunacy had an appropriate place in rallying—they didn't call him "Carlsson on the Roof" for nothing—it took Ken Block's marketing savvy and the paste-it-anywhere-and-watch ubiquity of YouTube to get a broad swath of American kids amped on the antic fun that can be had with an all-terrain compact car. In a bid to get that same group excited about the new Dodge Dart, Chrysler enlisted Travis Pastrana to pilot its Global RallyCross entry. And in a sort of low-budget, less-elaborate version of Block's wacky-upon-zany Gymkhana videos, Pastrana puts the Dart through its paces, losing the passenger-side rear corner of the bodywork in the process.