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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.

Mégane Renaultsport 265 Trophy arrives

Megane Renaultsport 265 Trophy - lots more money for not much extra Logically, you’d assume that the Mégane Renaultsport 265 Trophy is a replacement for the Mégane Renaultsport 250 which debuted back in 2009. But no. At least not according to Renault, who we guess should know.

Spyker B6 Venator Spyder concept to debut at Pebble Beach

The Spyker B6 Venator Spyder Pebble (B6 Coupe pictured) looks to be heading for a debut at Pebble Earlier this year we managed to trawl through the rather dry annual report from Spyker and discovered that plans were afoot for a Spyder version of the B6 Ventador Concept we first saw at the Geneva Motor Show in March. We managed to follow that up with the news that we’d heard a convincing whisper that Spyker were planning to give the Venator Spyder a full public debt at Frankfurt in September, but ahead of that would reveal the B6 Spyder to attendees at this year’s Salon Prive first. That whisper has now been given additional credence with a report from Autoblog that a voice in Spyker has revealed that the B6 Venator Spyder will actually get its first outing at Pebble Beach in less than three weeks.