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Crunch watch Jan 09: the auto industry in crisis

By Tim Pollard, Ben Pulman and Gareth Evans Motor Industry 30 January 2009 12:39 Friday 30 January 2009• Honda is about to close the Swindon factory for four months when Friday's shifts are finished; the shutdown will affect 2500 of the 3700 staff, who will receive full pay for two months and then 60% pay for the next eight weeks (BBC News)• Porsche has announced a sharp drop in sales and likely profits. It forecasts a 27% drop in 911, Boxster, Cayman and Cayenne sales to around 34,000 units in the six months to the end of January 2009 (Financial Times, subscription required)• Ford wants Washington to do more to stimulate car sales, after posting a record loss of nearly $14.6 billion earlier this week (Detroit News)• Honda's quarterly profit has crashed by 90% – forcing the Japanese car maker to halve its annual profit target (Detroit Free Press)Thursday 29 January 2009• Ford of Europe is a bright spot in the Blue Oval's quarterly results today, making $1.06 billion pre-tax profit in 2008 (up from $997m in 2007). It's the first profit of more than $1bn since 1989 (Automotive News Europe, subscription required)• Volvo suffered a 'disastrous 2008' with a pre-tax loss of $1.46bn.

Audi A3 g-tron revealed

Audi has revealed the A3 g-tron Sportback ahead of the Geneva Motor Show, an A3 that runs on Compressed Natural Gas (CNG) and petrol. The A3 g-tron is powered by a tweaked version of Audi’s 1.4 litre TSI petrol engine which can run on both -gas and petrol, with the A3 g-tron normally using the petrol just for start-up and switching over to e-gas as soon as it’s running. Audi has provided two fillers under a common fuel flap – one for e-gas and one for petrol – with the A3 g-tron producing a total of 108bhp with the dual-fuel setup, enough to power the A3 g-tron to 62mph in 11 seconds.

SEMA 2008 show report: Pontiac G8 and Solstice

By Ben Whitworth Motor Shows 07 November 2008 10:01 According to Pontiac, its G8 GXP Street, G8 ST and Solstice GXP concepts at the SEMA show ‘raise the performance bar even higher, taking style and sportiness to the highest levels’. Time to don your oxygen masks as we scale the dizzy heights of Pontiac’s performance peaks. While the standard GXP isn’t short of grunt with a 6.2-litre 415bhp V8 under the bonnet, the Street swings with a hefty 7.4-litre punch that’s good for 638bhp and 600lb ft of torque.