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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.

Mitsubishi readies diesel Racing Lancer for Dakar

By Nick Eaton First Official Pictures 09 September 2008 06:45 Mitsubishi will enter this new turbodiesel Racing Lancer into 2009's back-from-the-dead Dakar Rally. Mitsubishi is pinning all its hopes on the Racing Lancer in its bid to take an eight straight title. It's the first time a Japanese manufacturer has used a diesel car in the event, but the Europeans have competed with derv racers before.

Ford confirms Focus RS prices

Ford Focus RS 2009 prices announced When the Ford Focus RS hits UK car showrooms in March, it will cost £24,995, with a 0-60 of under 6 seconds and over 300bhp. The base price include goodies such as 19″ forged alloys, xenon headlights, aircon and a Thatcham cat 1 alarm. For an extra £750 you can have a climate pack which includes auto lights and wipers, and for £1500 you get a clever touch-screen satnav.