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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.

The fall and rise of the budget car

Twenty years ago, the classic bargain brands like Lada seemed to be going the same way as the Soviet empire that spawned them. Woefully dated and badly made, only a weirdo would have bought a new Lada rather than a second-hand model from Ford, Vauxhall or VW. However, one of the big trends in the car industry today is the re-emergence of bargain cars.

Callaway to give 2014 Chevrolet Silverado and GMC Sierra a boost

Callaway has just announced the debut of supercharged versions of the 2014 Chevrolet Silverado and GMC Sierra pickup trucks. This news comes only weeks after Callaway made known their intentions to fit market a version of the Silverado with an Eaton TVS supercharger. The Connecticut-based tuner has developed a new supercharger manifold and some other hardware for the new Chevrolet L83 Ecotec engine, which is expected to produce around 455 hp (though these are preliminary figures).