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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.

Volvo V40 Cross Country gets new T5 Drive-E and AWD

The Volvo V40 Cross Country gets the new T5 Drive-E engine Volvo are on something of a roll at the moment, what with the impressive 2015 XC90 on the way and the very convincing range of Drive-E engines rolling out across their range. And the Drive-E engines really are good; we had one in recently (review to come soon) and the new D4 in the S60 is quick, frugal, quiet and, really, on a par with the best diesels from BMW. And we don’t say that lightly.

2014 Audi R8 to drop manual gearbox

2014 Audi R8 to lose manual gearbox It’s reported that the new Audi R8 – due in 2104 after a facelift in 2012 – will lose the manual gearbox option. It’s at least two years before the next generation Audi R8 arrives in 2014, but if reports from CAR are right then Audi’s next sporting flagship will do without a manual gearbox altogether. With all that’s on offer in the current R8 apart from the manual ‘box being the rather poor R-Tronic ‘box, that may seem like a recipe for sales disaster for the R8.