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Crunch watch Dec 09: the auto industry in crisis

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 Wednesday 30 December 2009• Saab's PR chief told AN that GM is extending the deadline for a sale to 7 January – and the Trollhattan factory will resume limited manufacturing in early January to build the new 9-5 and some 9-3 cabrios (Automotive News, subscription required)• Last night Bloomberg reported a Saab board member claiming that the 31 December deadline for a Saab sale or closure 'is not holy'. If GM receives a bid that is 'sufficiently interesting', it'll extend the deadline, said the Saab suit (Automotive News, subscription required)• GM is offering massive discounts on Pontiac and Saturn cars, as it seeks to get rid of the remaining stock from these terminated brands.

Used cars set for soft landing

THE USED CAR MARKET is set to see a gentle slow down towards the end of the year, avoiding the price crash feared by some in the industry. Experts at CAP Automotive say there are no shocks on the horizon as used car prices are not reducing as quickly as previously expected. This is due to high demand for quality used cars and limited supply.

Flavio Manzoni on the design secrets of the Ferrari LaFerrari [w/Video]

Flavio Manzoni has explained the secrets behind the design of the LaFerrari hypercar in an interview with Autocar's Steve Sutcliffe. Ferrari's design chief, speaking at the Ferrari Museum in Maranello, talks of how the LaFerrari was designed to manifest the future of Ferrari and mark a milestone in the design process. Presentations of four 1:1 scale models adorn the walls of the room kept exclusively for project LaFerrari, although there were five initial presentations – three from Ferrari and two from Pininfarina.