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Crunch watch Jan 09: the auto industry in crisis

By Tim Pollard, Ben Pulman and Gareth Evans Motor Industry 30 January 2009 12:39 Friday 30 January 2009• Honda is about to close the Swindon factory for four months when Friday's shifts are finished; the shutdown will affect 2500 of the 3700 staff, who will receive full pay for two months and then 60% pay for the next eight weeks (BBC News)• Porsche has announced a sharp drop in sales and likely profits. It forecasts a 27% drop in 911, Boxster, Cayman and Cayenne sales to around 34,000 units in the six months to the end of January 2009 (Financial Times, subscription required)• Ford wants Washington to do more to stimulate car sales, after posting a record loss of nearly $14.6 billion earlier this week (Detroit News)• Honda's quarterly profit has crashed by 90% – forcing the Japanese car maker to halve its annual profit target (Detroit Free Press)Thursday 29 January 2009• Ford of Europe is a bright spot in the Blue Oval's quarterly results today, making $1.06 billion pre-tax profit in 2008 (up from $997m in 2007). It's the first profit of more than $1bn since 1989 (Automotive News Europe, subscription required)• Volvo suffered a 'disastrous 2008' with a pre-tax loss of $1.46bn.

Wait, is the WhaleMobile still for sale?

In 2009 -- which is about 40 years ago in Internet time -- the motor-mad, mountain-dwelling master-mechanic known to Autoweek readers as Murilee Martin took to the pages of Jalopnik -- yes, it was printed back then -- to describe an ad he found on Craigslist. Here's the full text of the original ad: WhaleMobile *UNIQUE* This one of a kind "WhaleMobile" is for sale. It needs new tires, but otherwise starts right up and runs fine.

Opel/Vauxhall Cascada [w/gallery]

The Opel/Vauxhall Cascada effectively replaces the Astra Twin Top, but attempts to move the model upmarket as a separate product line. It has moved up a size to reflect its prestige aspirations: at 4,697 mm long and 1,840 mm wide, it's longer than an Audi A5. Like many of the latest generation of convertibles, the Cascada ditches a folding solid hardtop in favor of a lighter, more space-efficient and cheaper soft fabric set-up.