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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.

Volkswagen Passat R36 (2006): first official pictures

By Phil McNamara First Official Pictures 17 November 2006 10:13 VW Passat R36: the lowdown Volkswagen has pulled the wraps off its 'R' flagship Passat – and the five-door is the fastest estate VW has ever made. Scooped by CAR Online a few weeks back, the R36 puts out 296bhp, which launches the estate fromk standstill to 62 in 5.8sec. Available as a saloon, too, the R cars go on sale in early 2007, with prices starting at an estimated £28,000.

2012 Land Rover Discovery 4 tweaks revealed

2012 Land Rover Discovery 4 - all round good tweaking You’ve got to go forward, or you’re already going back. Or so the saying goes. Which is no doubt why Land Rover has managed to send us a 2,750 word press release to tell us all the changes they have wrought to the 2012 Discovery 4.