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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.

Clay modeler turns steel sculptor in new exhibition

A GM Holden clay modeler who has used his skills to transform scrap metal into over 400 works of art will display his creations at an new exhibition in Melbourne, Australia.   Jamie Schena, whose sculptures will be displayed in his ‘Mechanisation' show at custom bike shop Gasolina, sold his first artwork in 2001 after starting to sculpt models from bits of scrap metal lying around his father's workshop. After helping to rebuild engines and design farm machinery in his family's mechanical and engineering business, he moved to Melbourne to study Industrial Design at Monash University.

Audi showcases bright future

AUDI IS to showcase new front lighting technology that uses super-powerful laser diodes just a few thousandths of a millimetre in diameter. But at the same time, the tiny diodes are claimed to be able to light the road ahead for an incredible 500 metres. That gives the technology about double the reach of today’s best LED headlights, with around three times as much overall light output.