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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.

Campaign Group Calls For Halt To 20mph Roll Out

CAMPAIGN group Alliance of British Drivers (ABD) is calling for Government to halt the roll out of 20mph zones following further increases in 20mph accidents. The organisation has also questioned the motivation of proponents who continue to advocate a national roll out of 20mph zones, despite an ongoing Government investigation and claims of increased recorded accident statistics in current 20mph zones. In a recent survey of its members: 95% of Alliance of British Drivers' members believe that the roll out of 20mph zones and limits should be halted pending Government research into increased casualty statistics in current zones.

Motown’s greatest hits – all the best cars from the Detroit Motor Show 2014

Detroit, heart of the American car industry, traditionally hosts the first motor show of the year each January. Officially known as the North American International Auto Show – or NAIAS – it’s a chance for carmakers to kick-start the coming 12 months with a bit of glamour and sparkle. And the 2014 Detroit Motor Show has not disappointed, with a substantial number of new debuts and a chance to see some existing favourites, too.