Odyssey 2003 Antenna 466901 on 2040-parts.com

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.

Hublot Watches: Ecclestone’s mugging turns a profit

Bernie Ecclestone's beaten face - click for the Hublot advert We’re sensitive souls here at Cars UK. So when F1 boss Bernie Ecclestone got mugged and beaten in London recently we didn’t make a song and dance of it. And nor did Bernie, despite being beaten unconscious and suffering some fairly significant bruising.

Series 51 Bentley Continental Frankfurt launch

A series 51 Bentley customised interior But these sorts of services are normally only offered at the very top end. But to make it easier for customers on their ‘Entry-Level’ models, Bentley is launching ‘Series 51‘, a set of customisation options for the Bentley Continental GT and GTC. Series 51 is named after the year in which Bentley’s original styling department was created by John Blatchley.