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Crunch watch October 09: the auto industry in crisis

Tuesday 20 October 2009• Honda's CEO said he would consider launching electric vehicles for sale in Europe, Japan and the USA in a possible change of strategy for the Japanese car manufacturer (Automotive News, subscription required)• Ford 59-plate car sales up by 22% in September ‘09 compared to the same month last year. Ford claims a 14.8% share of total new car sales for the same period (Ford)• Porsche, VW and Daimler all sent top executives to the Shanghai motor show in April, but chose to snub the Tokyo motor show this week. The news comes as China’s automotive market is set to become the world’s largest (Bloomberg)• Toyota enters the Korean car market, challenging the 72% market share owned by Hyundai Motor Co (Bloomberg)  Monday 19 October 2009 • The organisers of the Geneva motor show claim that 'all of the major manufacturers have already confirmed their participation' for the March 2010 event (Geneva Palexpo)• Jaguar is auctioning off the first XJ off the line to raise £1m for the NSPCC children's charity.

Aston Martin revives Vanquish name for DBS replacement

Aston Martin is reviving the Vanquish name for the replacement of the DBS coupe, which will feature a full carbon-fiber body, a 565-hp V12 and a mass of engineering revisions in an effort to eclipse Ferrari's F12 Berlinetta. The Vanquish name goes back to the beefy, old-school model of 2001. Aston hopes that magic will rub off on its next flagship, a heavily revised version of the DBS made famous by its appearance in the Bond movie Casino Royale.

New Mercedes ML to be the Mercedes GLE

The Mercedes Concept Coupe (pictured) will arrive as the Mercedes GLE Coupe Car makers’ model ranges have grown massively in recent years and that, in a lot of cases, has left traditional model designations floundering to inform potential buyers. Mercedes has made some moves of late to address the lack of clarity in model designations (the Mercedes CL, for example, has become the new Mercedes S-Class Coupe), and new models have started to arrive with more descriptive names. Models like the CLA (a coupe from the A-Class range) and GLA (an SUV/Crossover from the A-Class range) and that looks set to be extended when the next Mercedes ML and ML Coupe arrive in 2015.