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Crunch watch October 09: the auto industry in crisis

Tuesday 20 October 2009• Honda's CEO said he would consider launching electric vehicles for sale in Europe, Japan and the USA in a possible change of strategy for the Japanese car manufacturer (Automotive News, subscription required)• Ford 59-plate car sales up by 22% in September ‘09 compared to the same month last year. Ford claims a 14.8% share of total new car sales for the same period (Ford)• Porsche, VW and Daimler all sent top executives to the Shanghai motor show in April, but chose to snub the Tokyo motor show this week. The news comes as China’s automotive market is set to become the world’s largest (Bloomberg)• Toyota enters the Korean car market, challenging the 72% market share owned by Hyundai Motor Co (Bloomberg)  Monday 19 October 2009 • The organisers of the Geneva motor show claim that 'all of the major manufacturers have already confirmed their participation' for the March 2010 event (Geneva Palexpo)• Jaguar is auctioning off the first XJ off the line to raise £1m for the NSPCC children's charity.

Aston Martin V12 Zagato racer (2011) news

Aston Martin has released this rendering of its new V12 Zagato racer, which will compete at the Nurburgring this summer. The 2011 Aston Martin V12 Zagato made its world debut at the Villa D'Este concours d'elegance at the weekend, where it won the Concorso d’Eleganza Design Award for Concept Cars and Prototypes. Design director Marek Reichman said: 'It is an honour to win this award in Italy, where many great designs originated from, and this victory shows that Aston Martin has successfully developed their own renowned design language over the past years.

2013 Ford Escape priced less than the 2012 model? Not exactly

If you ask Ford Motor Co. about the base price of the company’s redesigned 2013 Escape crossover, it will tell you that at $23,295, including shipping, it’s $200 less than the outgoing model. The problem is, that’s not quite true.