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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.

2013 Buick Verano Turbo turns up the power

Buick is adding a turbo variant this fall as the premium model for the Verano lineup. While it's meant to be sporty, the idea behind the sedan is to offer buyers a reasonably powerful option that allows for more amusing commutes, but admittedly, it isn't a dedicated performance model. This is a measured approach, which means extra output for expressway merges and launches from lights, but no hard-core suspension or brake packages.

Noble M600 – launch soon?

The new Noble M600 caught testing in the UK and almost ready to launch Next up for Noble is the M600, which signifies a big leap in target market. The Noble M600 is heading where Lotus did a generation ago with the Esprit – aiming to take on the ‘Big-Boys’. The M600 was out testing in Arizona last year in the company of a Porsche Carrera GT, which indicates just how high Noble is aiming.