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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.

Great British cars immortalised on Royal Mail stamps

Throughout the 20th century a series of great British cars have put their stamp on the world, now the Royal Mail has put some of these iconic motors on stamps. The Auto Legends stamp collection celebrates the six thoroughbred British cars that led the world with their artistry and engineering. Alongside them are four workhorses that may have been less celebrated but have still done more than their fair share to further the British car industry’s cause over the years.

Aston Martin DBS Volante set for Geneva debut

Aston Martin will take the wraps off its fastest-ever production convertible at the Geneva motor show when the muscular 2010 DBS Volante makes its global debut. The soft-top version of Aston's beefy DBS will top 191 mph, the company says, and sprint from 0 to 62 mph in 4.3 seconds, figures that put the DBS Volante in the top echelon of open-top supercars. The development of only the 16th convertible in Aston's 95-year history has been eased by dipping into the parts bin.