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Crunch watch Jan 09: the auto industry in crisis

By 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.

Citroen DS3 Interior revealed

The interior of the new Citroen DS3 (DS Inside Concept) due in Spring 2010 Last week we had an online configurator for the new Citroen DS3 (DS Inside Concept) which – as we told you at the time – was a way to make some great, and not so great, colour combos on the car. But the configurator was just the exterior, so we had no real idea what the inside of the Inside would look like. And nor did we when we saw the original Citroen DS Inside Concept at Geneva, as the doors were firmly shut and the windows blacked out.

Subaru Levorg concept stars at the Tokyo Motor Show 2013

The Subaru Levorg, eh? This is a ‘concept’ version for a next generation Subaru estate, and though it’s not being explicitly underlined here at Tokyo 2013, we understand the name is an amalgamation of Legacy, Revolution and Touring. While revolutionary wouldn’t exactly be out first choice description, the Levorg does feature a new 170hp 1.6-litre DIT turbo engine, and the latest Subaru EyeSight safety technology.