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Crunch watch August 09: the auto industry

By Tim Pollard, Alex Michaelides, Ben Pulman and Freddie Fulton Motor Industry 31 August 2009 10:00 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  Monday 31 August 2009• Bank holiday today in UK; staff on a well earned break from Crunchwatch!Friday 28 August 2009• Toyota will stop producing vehicles at the New United Moor Manufacturing plant in California next March. Company officials and California governor Arnold Schwarzenegger announced the decision, which comes in the wake of factory partner GM’s announced that it would abandon the venture back in June (Detroit News)• Tengzhong may finalise its deal to buy Hummer from GM next week, well placed sources told AN (Automotive News, subscription required)• German economics minister Karl-Theodor zu Guttenberg says it is 'hardly realistic' for GM to keep hold of its European outfit Opel and Vauxhall (Automotive News Europe, subscription required)• Ford's US cop car favourite, the Crown Victoria, is going to cease production in 2011 (Detroit News)Thursday 27 August 2009• Nissan and Chrysler have abandoned plans to build cars for each other in the wake of Chrysler’s alliance with Fiat.

New Audi S3 Sportback arrives ahead of Geneva 2013 debut

The new Audi S3 Sportback - the five-door S3 – has been revealed ahead of a debut at the 2013 Geneva Motor Show. The new S3 Sportback gets the same 2.0 litre turbocharged engine as the S3, which means 296bhp on tap to be delivered to all four wheels through the standard six-speed gearbox or the optional six-speed dual-clutch S tronic. If you want to unleash the best performance from your S3 Sportback you will need to dig a bit deeper for the S tronic ‘box, with the self-shifter taking just 5 seconds to 62mph it’s a full half second quicker than the manual.

Volvo pricing deals at Costco

There's more to your Costco membership than piling bulk paper towels on a flat-bed cart and filling up on free food samples. Through July 31, registered Costco members can get deals on all 2013 and 2014 Volvos. Volvo isn't the first major automaker to offer deals to registered members of the bulk-sales retailer via the Costco Auto Program.