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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.

Ford Focus ST (2012) development pictures

It’s been over six months since Ford unveiled the Focus ST concept at the 2010 Paris motor show, and with the production ST’s launch looming large for early 2012, the Blue Oval has started its PR push. These are the first shots of prototype STs testing at Ford’s Lommel Proving Ground in Belgium. So what do we know about the new Ford Focus ST?

VW Polo 3 Door (2010) introduced

Volkswagen is bringing the 3 Door Polo to Frankfurt Volkswagen has done a good job with the 5-door Polo, making it better looking and less drab than the outgoing car. And the new 3-door is actually better looking than its multi-doored sibling. The three-door looks more aggressive with a sharp kink in the window line and a sharp crease running down the side of the Polo.