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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.
Renault Symbol [w/Gallery]
Thu, 01 Nov 2012Renault has unveiled its new Symbol family saloon at the 2012 Istanbul Motor Show. The new five-seater Symbol features the carmaker's latest design cues such as the larger front logo that sits in a more upright position in the middle of a wide, black and chrome-trimmed grille strip. Another black chrome-trimmed grille strip that integrates the fog lamps is located underneath the license plate while the headlamps taper slightly into the side.
Nissan Land Glider revealed +video.
Thu, 08 Oct 2009The Nissan Land Glider will be at the Tokyo Motor Show We had Toyota’s Jetson-inspired pocket-sized city EV – the Toyota FT-EV II – revealed yesterday and today we get something even smaller from Nissan – the Nissan Land Glider. The Nissan Land Glider is a very narrow and compact two-seat urban electric car. It’s narrow size makes it perfect for parking and its fly-by-wire dual joystick controllers will make anyone much under 50 feel very at home.