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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.

Is Mercedes preparing to buy Ducati?

Remember the AMG-Ducati deal made at the 2010 Los Angeles auto show last month? A partnership of like-minded brands, albeit on two wheels and four. Daimler marketing types reckon that buyers of its AMG go-faster cars could in many instances be equally interested in go-faster motorbikes of the sort Ducati specialise in, and vice versa.

It’s the Jaguar XJ Ultimate, not the XJ Coupe. Sadly

Jaguar XJ Ultimate The Jaguar XJ Ultimate will be unveiled tomorrow at the Beijing Motor Show with all the bells and whistles at a likely £30k premium. Yesterday we reported that Jaguar are planning to reveal the ‘Most Luxurious Jaguar Ever’ at the Beijing Motor Show on Monday. We thought it might be the much anticipated Jaguar XJ Coupe.