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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.

McLaren 650S to make Geneva debut

McLaren Automotive The McLaren 650S will be the star of the British brand’s display at the 2014 Geneva motor show, it has been confirmed. At this stage McLaren has revealed little other than the name, and a close-up shot of the car’s badge. It says, however, that the 650S “takes learnings from both the 12C as well as the sell-out McLaren P1 and will be positioned between the two on McLaren Automotive’s supercar grid”.

New Kia Soul EV on sale in UK by end of 2014

The new Kia Soul EV will be on sale in UK by end of 2014 We knew there would be a Kia Soul EV by 2014, but we didn’t know whether Kia UK would offer it in the UK. But they will. Yaser Shabsogh, Kia’s UK Commercial Director, has confirmed that the electric Soul will be offered in the UK, but not until the end of 2014, some months after the arrival of the new Soul in early 2014.