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Crunch watch Mar 09: the auto industry in crisis
Tue, 31 Mar 2009By 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.
Peugeot 4007 GT HDi 156 Review & Road Test
Sun, 28 Mar 2010We review Peugeot's take on the Mitusbishi Outlander - the Peugeot 4007 The phone rang quite early this morning “Sorry, Vince, but I need you to do a review on a car – starting this morning. We’re pushed out and Claire’s taking it for the weekend, so it has to be at least today and tomorrow – and probably Monday as well”. To be honest I didn’t mind.
SEMA 2008 show report: Ford F-150, Mustang and Flex
Thu, 06 Nov 2008By Phil McNamara Motor Shows 06 November 2008 09:30 Ford's stand was dominated by four models: the Flex, a slammed, seven-seat SUV with Range Rover-styling cues; the iconic F-150 pick up; the Focus; and, of course, the Mustang. With an ear-splitting V8 roar, Ford unveiled a 50-edition run of the Cobra Jet Mustang, and the F-150 SVT Raptor, a go-anywhere extreme version of the pick-up, which will bounce across sand dunes in the Baja California race later this month before going on sale next year. But tucked away in a corner was a less environmentally destructive F-150, shaped by British engineering firm PML.