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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.

Sebastian Vettel’s 2013 F1 title: the stats

By Ollie Kew Motor Industry 28 October 2013 11:30 In winning the 2013 Indian Grand Prix this week – his six straight victory of this season – Sebastian Vettel became the youngest driver ever to win four consecutive F1 world titles. Only two drivers have ever managed four titles on the trot before him: Juan Manuel Fangio (1953-58) and Michael Schumacher (with five in a row between 2000-2005). Frenchman Alain Prost is the only other driver to have taken four F1 world titles – but no-one’s managed the feat as fast as Seb.

Car Designers Blackmailed

A London court has found former design student Guy Lloyd-Parker guilty of blackmailing US car designers. The London College of Fashion graduate had claimed that 95 car design sketches were stolen from him by two college lecturers in 1994, eventually resurfacing as final designs in the form of the Audi TT, BMW Z3, Mazda RX-8 and the Volvo XC90. Lloyd-Parker, having failed to successfully sue the college, began sending menacing letters to California-based Volvo Design Director Geza Loczi, former BMW and Aston Martin designer Henrik Fisker, and ex-Mazda designer Tsutomu Matano demanding £90,000.