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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.

Peugeot 208 GTI (2012) first official pictures

You might well be fed up with Peugeot's recent hot hatch efforts being compared in vain to the iconic 205 GTI, but Peugeot is so confident they've got it right at last with the 208, they're likening it to the iconic Eighties pocket rocket. Kicking out 197bhp, the 208 GTI is also usefully lighter than its 207 predecessor, helping acceleration and efficiency stats... Alright then, give me the numbers on the 2012 Peugeot 208 GTI For the first time in quite a while, it's the weight (or lack thereof) that's the headline number on a new hot hatch, rather than a big power figure.

BMW releases videos 'outlining' 3 Series history

The BMW 3 Series has been a mainstay within the range for nearly 40 years, embodying the values and design direction of the German brand to become the perennial bestseller in markets worldwide. Over the course of the last four decades, the company has launched an all-new model fitted with advancements in not only mechanical componentry, but also design and safety, to coincide with the needs and desires of customers at the time. The compact executive class car, available in no less than five different body styles at one point, is still considered the benchmark in many design studios, not to mention those thriving to replicate its dynamic driving attributes.