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Crunch watch June 09: the auto industry in crisis

By Tim Pollard, Ben Pulman and Peter Adams Motor Industry 30 June 2009 11:35 Welcome to CAR's news aggregator as we round up the seismic change in the auto industry. Top tip: news summaries are added from the top hour-by-hour  Tuesday 30 June 2009• Porsche says it is no longer applying to the German Kreditanstalt für Wiederaufbau central bank for a €1.75 billion bridging loan. This means it'll now have to seek finance elsewhere (Porsche) • Seat announces its best-ever month for used car sales; it sold 915 second-hand cars in May (Seat)Monday 29 June 2009• Jaguar Land Rover has opened its first showroom in India.

Cadillac Elmiraj concept (2013)

Cadillac has revealed its Elmiraj grand coupé concept, which showcases its plans for its next-generation flagship sports models. The four-seater concept – which measures in at 5,207mm long, 1,930mm wide and 1,397mm high – was designed at General Motors' advanced design studio in North Hollywood, California, under the direction of Frank Saucedo and is an evolution of last year's Cien concept. Mark Adams, Cadillac design director, says, "Elmiraj advances Cadillac's provocative modern design and performance, contrasted with bespoke craftsmanship and luxury.

Maybe Not So Absurd

The big luxury utes are coming, and I've been thinking about them quite a bit lately. In particular, I speak of the Bentley EXP 9 F, the Lamborghini Urus and the Maserati Kubang. At first glance they seem illogical; they're all imposing and, each in its own way, over the top.