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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.

JAC J3 Cross

JAC has unveiled its J3 Cross B-segment corssover, designed at the Chinese company's design center in Turin. The J3 Cross is aimed younger Chinese drivers that crave an SUV, hence the a split black grille, tough-looking bumpers that features an integrated chrome trim, while lower body cladding is incorporated to give some protection on rough roads. The raised ride height and integrated roof bars add to the J3 Cross' softroad image.

Audi TT revs up for Geneva auto show

Audi has unwrapped its new TT at a media preview proceeding tomorrow’s Geneva motor show, revealing the new look, contemporary interior and updated mechanical package the German coupe carries into showrooms when North America sales get underway later this year. The third-generation TT has an all-new exterior design. The car is again a three-door liftback and has the same basic dimensions as its predecessor, but is subtly sleeker with more precise detailing and crisper lines.