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Crunch watch Jan 09: the auto industry in crisis
Fri, 30 Jan 2009By 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.
Jaguar C-X16 Revealed: It may be the XE, but it’s no E-Type Jag
Wed, 07 Sep 2011Jaguar C-X16 - innovative under the skin We’ve known the new small sports car from Jaguar – which may or may not become the Jaguar XE – was heading for Frankfurt for some time. Especially after we had teases of the Concept version – the Jaguar C-X16 – a few weeks ago. So it was no surprise when we had a heap of new photos and a video of the C-X16 drop in to our inbox at midnight.
VW Beetle Final Edition (2010) at LA
Thu, 03 Dec 2009The 2010 VW Final Edition revealed at the LA Amotor Show There is really only one place that holds a torch for the Volkswagen Beetle, and that’s the USA. So it’s entirely appropriate the VW chose the LA Motor Show to launch what will be the last version of the Beetle before an all new Beetle arrives in 2012. The Final Edition Beetle marks eleven years of almost unchanged production for a less than convincing recreation of a motoring icon.