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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.

José Mourinho to get first F-Type Coupe

José Mourinho will be the first customer to drive away in a Jaguar F-Type Coupe after its UK launch tomorrow, as the company announces the Chelsea FC manager as its new brand ambassador. The official UK launch of the Jaguar F-Type Coupe will take place tomorrow evening at Eastwinter Garden in London’s Canary Wharf. Jaguar F-type R Coupe prototype review (2014 onwards) 21 reasons why the Jaguar F-Type Coupe will blow your mind The event, hosted by Jaguar Land Rover managing director Jeremy Hicks, will be open to prospective customers, brand ambassadors and the British media.

Quarter of car sellers 'lie'

MORE THAN a quarter (28%) of people selling a car admit to telling a ‘white lie’ to help the sale go ahead. The statistics are higher among young car sellers aged 18-25-years old, where 33% admit to lying to make sure their cars is sold. A study commissioned by vehicle history service HPI found 11% of sellers admitted to hiding problems with their car, while 9% are prepared to alter the mileage of their car to achieve a better price.