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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.

Revealed: Peugeot 308 SW estate (2014)

Deliveries of the new Peugeot 308 hatchback have now started, and the French manufacturer has revealed that a 308 SW estate is coming soon. We’ll first see it in the flesh at the 2014 Geneva Motor Show in March, but for now we’ll make do with these pictures. Please click the image above to read more about the 2014 Peugeot 308 SW

A day in the life of Ken Block: Video

Ken Block is back, not with Gymkhana Five but with a video that follows the rally driver and DC Shoe cofounder through a day in Los Angeles. That day includes some errands, a morning car shoot and some track work for Gymkhana. He does all of this while listening to his own playlist in the Hybrid Function Hoon Vehicle Ford Fiesta.