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Crunch watch Jan 09: the auto industry in crisis

By 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.

MP calls for taxis to have CCTV

HIGH RISK situations for taxi drivers could be mitigated by installing CCTV cameras in all minicabs and taxis, according to a Conservative MP. Bedford MP Richard Fuller said that cameras, which are long overdue, would also help make passengers feel safer. Proposing his Licensed Hackney carriages and private hire vehicles (Closed circuit television) Bill, Mr Fuller said: "In this Bill, I would propose that we should provide for secure and encrypted CCTV." Mr Fuller's Bill would ensure that recordings would only be for police access and only in specific cases.

Official: MSN Cars helps Vauxhall set multiple world records!

Vauxhall has become an official World Speed Record holder after the FIA and MSA confirmed an average speed of more than 125mph in its 3,000-mile 24-hour speed trial event. The news also means that MSN Cars contributor Richard Aucock has become a World Speed Record holder – he was one of the drivers in the team of 12 that piloted the two cars around Bedfordshire’s Millbrook Proving Ground late last autumn. Chasing a World Speed record: 125mph for 24 hours in a Vauxhall Astra!