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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.

Motown rockers Dale Earnhardt Jr. Jr. serve up Horse Power

NASCAR fans looking for a new soundtrack to their auto-racing season can trade in their Lynyrd Skynyrd records for an offering from Detroit-based indie-pop duo Dale Earnhardt Jr. Jr. In a nod to their Motor City roots, band members Josh Epstein and Daniel Zott take the stage wearing racing suits and trucker hats and croon covers of Gil Scott-Heron's “We Almost Lost Detroit.” The band, which is touring the East Coast this week, released an EP titled Horse Power last summer and is coming out with its first full-length album, It's a Corporate World, on June 7.

One Lap of the Web: Auto pics, a pretty Ferrari and rallies

Who can forget the wild days of Group B? Lancia's wild 037 was the last rear-wheel-drive monster to win a championship in the WRC, doing so in 1983. Our friends at Automobiliac have a great video of a bunch of 037s doing their thing at a historic rally.