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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.

Electric Renault to take on 2,000-mile Pod Point challenge

A RENAULT Zoe electric car is about to cover 2,000 miles up and down the country to prove that a linked and entirely functional network of electric charging points already exists. The full-electric supermini will take on challenges, attempt to break records and join in for loads of festivities throughout the 17-day grand tour, all using public electric charging points. What's more, Pod Point, the company behind the endeavour, will install more points wherever it thinks they're needed on its route around Great Britain.

British Grand Prix 2014: Result

British Grand Prix 2014: Result The 2014 British Grand Prix at Silverstone was all set up for a cracking race with the Williams and Ferraris at the back of the grid after calling the rain wrongly in qualifying and Lewis Hamilton in sixth after his own bad judgement on the state of the track. But did that make for an exciting race? Hamilton moved from sixth to fourth at the start – and Button up to second – but the first lap saw a heavy crash by Kimi Raikkonen – collecting Felipe Massa in a near head-on in the process – bringing proceedings to an abrupt halt.