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UK car sales grow for first time in 15 months

By Tim Smith Motor Industry 06 August 2009 12:30 UK new car sales have nudged upwards by 2.4% in July 2009 – the first increase for 15 months. The Society of Motor Manufacturers and Traders, which collates registration figures, claimed that the scrappage scheme was responsible for the jump. Paul Everitt, SMMT chief executive, said: ‘The impact of the scrappage scheme is clear and we are encouraged by the positive impact it has had, increasing new car registrations since April 2008.

Wannabe racers invited to test their mettle

THE AMAZING scenes at the Bahrain Grand Prix have left an unfamiliar warm glow surrounding the pinnacle of motorsport, but at grass roots level would-be racers are being invited to show their potential. The Lets Race 2 Reality scheme, open for entries until the end of the month, will reward the best new racing driver in the country with an incredible Formula 3 race experience. The winner will receive a day’s testing in a Carlin Formula 3 car, complete with a dedicated team of mechanics, data engineer and race engineer.

Crunch watch Mar 09: the auto industry in crisis

By Ben Pulman and Tim Pollard Motor Industry 31 March 2009 13:48 Tuesday 31 March 2009• Porsche said that its earnings before tax rose to €7.3 billion in the six months to the end of January – including a €6.8bn windfall from its VW share options (Financial Times)• Fritz Henderson, GM's president and chief operating officer, will step up to replace Rick Wagoner, who was ousted on Sunday as CEO of General Motors (Financial Times)• President Obama is essentially CEO-in-chief of GM – despite not owning a single cent of stock, says Detroit News commentator (Detroit News)• German chancellor Angela Merkel gives assurances that any would-be investors in GM's European arm will be given state support. Opel is asking for €3.3 billion in aid – and up to 25,000 jobs in Germany depend on it, with up to 300,000 jobs across Europe including Saab and Vauxhall (BBC News)Monday 30 March 2009• General Motors' chief executive Rick Wagoner has been ordered to resign by US president Barack Obama with immediate effect. It's part of Obama's administration's critique of GM and Chrysler's turnaround plans – he's understood to be unhappy with the plans submitted (BBC News)• New GM non-executive chairman Kent Kresa has admitted that at the company's next general meeting it will have 'a majority of new directors' (General Motors)• Chrysler will receive US government aid for the next 30 days, but the Obama administration has said that if the company cannot secure a tie-up with the Fiat Group within that time period it will not receive any more money from the taxpayers and could go into liquidation.