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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.

Electric Cars are 5 years away – said Ford in 1966

Electric Cars are 5 years away - said Ford in 1966 It’s 1966 and the Ford Cortina MK I (pictured above) is selling like hot cakes, a sure indicator of a prosperous new age, and just about to be replaced by the MK II Cortina. But Ford had news up its sleeve about the future of cars. The future is the electric car, they proudly proclaimed in 1966, and it will be a reality in five years time.

Toyota Yaris HSD Concept (2011): full photo gallery

Toyota’s goal is to offer a hybrid powertrain in every one of its European models ‘as early as possible in the 2020s’. That means electrified drivetrains in everything from the Avensis to the Auris, and everything from 4x4s to sports cars in between. The Auris HSD (Hybrid Synergy Drive) was the first mainstream Toyota model to gain hybrid power in 2010, and up next is the new-generation Yaris.