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Crunch watch Jan 09: the auto industry in crisis

By Tim Pollard, Ben Pulman and Gareth Evans Motor Industry 30 January 2009 12:39 Friday 30 January 2009• Honda is about to close the Swindon factory for four months when Friday's shifts are finished; the shutdown will affect 2500 of the 3700 staff, who will receive full pay for two months and then 60% pay for the next eight weeks (BBC News)• Porsche has announced a sharp drop in sales and likely profits. It forecasts a 27% drop in 911, Boxster, Cayman and Cayenne sales to around 34,000 units in the six months to the end of January 2009 (Financial Times, subscription required)• Ford wants Washington to do more to stimulate car sales, after posting a record loss of nearly $14.6 billion earlier this week (Detroit News)• Honda's quarterly profit has crashed by 90% – forcing the Japanese car maker to halve its annual profit target (Detroit Free Press)Thursday 29 January 2009• Ford of Europe is a bright spot in the Blue Oval's quarterly results today, making $1.06 billion pre-tax profit in 2008 (up from $997m in 2007). It's the first profit of more than $1bn since 1989 (Automotive News Europe, subscription required)• Volvo suffered a 'disastrous 2008' with a pre-tax loss of $1.46bn.

Infiniti M35h GT announced

Infiniti has revealed a new, cheaper, version of the hybrid M35h – the Infiniti M35h GT – which starts at £41,101. We love the idea of modern hybrid technology providing a useful power boost for more performance and better economy, but we don’t like the premium most car makers charge for their hybrid technology. But Infiniti is different, and their hybrid M – the world’s fastest hybrid production car – comes at a very small premium over the equivalent diesel offering, and now it has an even cheaper entry point.

Cyclists urged to make themselves visible

CYCLISTS have been warned to take precautions to make themselves easier to see, in time for the darker evenings of winter time. The clocks are set to wind back by an hour this Sunday, bringing darkness down on homeward commutes and making collisions involving cyclists statistically more likely. A survey of 1,000 cyclists, carried out by Autoglass, found that 48% had been caught without lights or high-visibility clothing when the clocks go back.