1978 Honda Cb 750 K Points Stk6 on 2040-parts.com

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.

Hyundai HED-6 proper images surface

After yet more teasing last week on the Hyundai HED-6 concept, Hyundai has done the decent thing and released an actual image. Yippee! I shouldn’t complain really, as all these trickles of information do give us something to write about on a quiet day, but I do in some ways long for the days when cars were announced with all the information to take in in one go.

Volvo V60 Polestar: OFFICIAL

Volvo V60 Polestar: OFFICIAL Volvo has been busy teasing a new Polestar model recently, and we concluded it would be a fast Volvo estate in the guise of a production Volvo V60 Polestar. And that’s exactly what it is. This isn’t a Polestar add-on (which is already available for the T6 versions of the V60 and S60) but a stand-alone model with the same underpinnings as the S60 Polestar recently revealed for the Australian market (which now becomes a global offering).