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Subaru Impreza WRX Turbo at 1994 prices

More on the ‘Recession-Busting’ deals that abound from car makers at the moment. Subaru has come up with a deal for the Impreza WRX Turbo where you can have the car for the same price as the 1994 equivalent – just £17,798. Which in itself is an interesting figure and shows that cars, or certainly the Impreza in this case, have got cheaper in real terms.

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.

Lotus won’t be sold – Bahar suspended over expenses

Lotus owners Proton have said that Lotus is not up for sale and reports say Lotus CEO Dany Bahar has been suspended over his expenses. There’s been a lot of show and not much real go since Dany Bahar took over at Lotus. Grandiose plans launch a whole range of supercars from a small niche manufacturer in the flatlands of Norfolk was always a strange call, and the sort of bills loss-making Lotus seems to be meeting make, on the face of it, little commercial sense.