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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.

New Peugeot 308 SW (Estate) revealed

New Peugeot 308 SW (Estate) revealed The new Peugeot 308 has only just gone on sale in the UK, but Peugeot are ready with its load-lugging sibling – the Peugeot 308 SW Estate – revealed this morning ahead of a debut at the Geneva Motor Show in March. Peugeot aren’t telling us what the boot capacity of the new 308 SW is with the back seats down, but with the back seats up it offers 610 litres – more than rivals like the Golf and Focus Estates can manage – and Peugeot say the load space is particularly uncluttered too. The extra space is thanks to an increase in length of the Estate over the Hatch of 327mm – all in the boot area as the wheelbase stays the same as the hatch – with the same EMP2 platform as the Hatch making the Estate up to 140kg lighter too.

'Grand Bentley' preview (Video)

Bentley is teasing us with a preview video of its forthcoming 'Grand Bentley', which shows only sections of the car's flowing shoulder, hood and grille. The all-new new car, which will debut at the Pebble Beach Concours d'Elegance this summer, is claimed to be 'exceptional in all respects on the road' as well as 'the purest expression of the Bentley spirit'. It has been designed, engineered and built in Crewe, England and will be the replacement for the aging Arnage.