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Crunch watch Jan 09: the auto industry in crisis
Fri, 30 Jan 2009By 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.
John Fitch's Phoenix up for auction
Wed, 28 May 2014John Cooper Fitch -- World War II hero, racer par excellence, safety pioneer, and all-around nice guy -- used to show off his Phoenix at the annual Greenwich Concours d'Elegance in southwestern Connecticut, not terribly far from his 1700s estate in his beloved Lime Rock. The Phoenix was his vision of an American Porsche, a strange mashup of a De Tomaso Pantera with Corvette Stingray. Twin humps on the fenders hid dual spare tires, different sizes for the front and rear.
Jaguar ramps up free maintenance program on 2011 models
Thu, 22 Apr 2010Jaguar North America, seeking to dispel lingering image problems and quell concerns about repair costs, is launching a free scheduled maintenance program for all 2011 models. The Jaguar Platinum Coverage program is a 5-year/50,000 mile new vehicle warranty with free scheduled maintenance, no-cost replacement of major wear-and-tear parts and 24/7 roadside assistance. Unlike Jaguar's previous free maintenance program, there is no cost for oil changes, filters, brake pads, brake discs, brake fluids and wiper blade inserts.