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Crunch watch June 09: the auto industry in crisis
Tue, 30 Jun 2009By 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.
Mercedes G65 AMG with 600bhp V12 planned
Fri, 13 May 2011Mercedes G65 AMG - enough torque to turn time Just like the proverbial missing bus, you wait ages for one to come along and then two turn up together. In this case that’s two stories about the iconic (used with care) Mercedes G-Class. Just last week we had news of the G350 BlueTEC BA3 Final Edition, which Mercedes are producing as a swansong for the SWB G-Class.
Volkswagen to buy Giorgetto Giugiaro’s Italdesign?
Thu, 20 May 2010The Morris Ital - one of Morris Ital by Giorgetto Giugiaro's greatest (sort of) It’s probably a fair bet – or at least was and has been for some time – that Volkswagen would be in the frame to buy an motoring asset that comes on the market. Especially if that asset is in trouble and an iconic name can be grabbed for a song – or less. Which explains why the names of VW and Giugiaro’s Italdesign are being linked together as the Italian designer appears to seek a car maker to rescue it from the woes of being an independent in these rather troubled times.