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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.

New Kia Cee’d & Procee’d GT Turbo Geneva 2013 debut

Kia will launch the Cee’d & Pro_cee’d GT at the 2013 Geneva Motor Show with a 200bhp Turbo engine and cosmetic tweaks. We’ve already revealed that Hyundai are planning a turbo version of the i30 3-door (perhaps the Hyundai i30 R?) and Kia are following suit to with go-faster versions of the new Cee’d, new Pro_cee’d and, it appears, even the new Cee’d Sportswagon. The plan is to kick of with the launch of the Cee’d GT and Pro_cee’d GT at the 2013 Geneva Motor Show, with every possibility Kia will also launch a Cee’d Sportswagon GT later in 2013.

Infiniti to build new Mercedes A Class based model in UK

The new Infiniti premium hatch, based on the underpinnings of the new Mercedes A Class and looking like the Etherea Concept, will be built in the UK. Infiniti announced only yesterday that it is introducing a new nomenclature for its cars (Q for saloons/coupes and QX for SUVs/Crossovers) and all new cars will come with a Q at the beginning followed by a number to denote its hierarchy in the Infiniti range. Where exactly that leaves the name of the new ‘baby’ Infiniti, we’re not exactly sure (Q30 or Q40 seems the most likely), but we are pretty sure what it will look like and what will be under the skin.