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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.

Mercedes SLS AMG: The UK Video

The Mercedes SLS AMG - the UK Promo Video below   Now that things are finally starting to Rock ‘n’ Roll for the new Mercedes SLS AMG – Mercedes actually started building it in January – we’re getting some UK-specific stuff, which makes a change from Auto Bild telling the world the SLS AMG is the best looking car in existence. Mind you, it’s not bad looking. The video we have here – which is the first UK SLS AMG push we’ve seen – is nicely lit and edited (even if there is some CGI in there) and it certainly does the SLS no harm on the looks front.

Hyundai debuts 'The Walking Dead' Edition Tucson

Hyundai will be releasing "The Walking Dead" Edition Tucson soon, but it's not going to have any additions to the exterior for keeping zombies out like metal bars or mesh wire. And curiously enough, it won't even be the same color as the Tucson seen in the show. The popular AMC post-apocalyptic show's use of a light green (and surprisingly clean for a post-apocalyptic runabout) Hyundai Tucson has been well documented, keeping Rick Grimes & Co.