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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.

'Need for Speed' series reveals new movie and more game info

The “Need for Speed” franchise has been releasing racing simulators since 1994. Known for its arcade-style play and in-depth in-game customization, the franchise has been a fun alternative for those not as interested in the raw simulators such as “Gran Turismo” and “Forza Motorsport”. At the E3 Conference on June 10, “Need for Speed” revealed more information about their new installment in the franchise, officially titled “Need for Speed: Rivals.” The game will feature a cop vs.

Don't miss CDNLive, reporting on the best from Paris Motor Show 2014

As ever the Car Design News team will be reporting live from the halls of the Paris Motor Show. After the long summer break we're in the French capital for what promises to be a great event. CDNLive from the Paris Motor Show We're looking forward to turning our attention to a promising list of production-car debuts of all shapes and sizes, from the new Smart ForTwo and Opel Corsa to the Volvo XC90 and Renault Espace, via Mazda's new MX-5, the Fiat 500X and Jaguar XE.