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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.

One Lap of the Web: Clooney on Tesla, Wes Anderson goes racing and an Aussie headbutts cars

More than a few Esquire readers were probably shocked to see George Clooney's disparaging remarks on Tesla in a recent profile of the "Facts of Life" star, but here they are if you want to read them. Jalopnik has a short film by Wes Anderson. The subject?

Citroen DS3 Cabrio Racing IS going in to production

The Citroen DS3 Cabrio Racing (pictured) is going in to ;imited production Last week Citroen revealed a cabrio version of the DS3 Racing – innovatively named the Citroen DS3 Cabrio Racing – which was a DS3 Racing with the top chopped off and lots of special design cues. The Cabrio Racing had its first outing this weekend at Goodwood – and is heading for a more public reveal at Frankfurt in September – even though Citroen are calling the Cabrio Racing a Concept. But it seems the Cabrio Racing is more than just a concept and is heading for limited production after Citroen confirmed as much to Auto Express over the weekend.