Performance Tool Tire Bead Seater W10012 on 2040-parts.com

Hyundai to launch N high-performance brand in partnership with WRC team

Microsoft Hyundai today announced it will launch a new high-performance N brand to rival go-faster versions from German manufacturers. Future Hyundai N models will be low-volume sporting derivatives, inspired by the new i20 WRC rally car which will launch at the Monte Carlo race in January 2014. The N badge is designed to cement the link with Hyundai's Namyang R&D centre in Korea, which helped develop the i20 WRC in record time - the team was only founded 12 months ago.

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.

Honda Fits from 2007, 2008 recalled for headlight problem

Honda is recalling more than 143,000 Fit cars from the 2007-08 model years in the United States for defective headlights. Potential low-beam headlight failure stems from a wiring defect that could cause connectors to overheat and fail. Honda will start notifying U.S.