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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.

Nissan's next Sentra to look more like the Altima

Nissan aims to double or even triple sales of its next-generation Sentra by offering a car with styling more in line with the mid-sized Altima. "We miss the heart of the market right now," said Al Castignetti, Nissan Division vice president of sales. "A lot of people reject the Sentra because of its looks.

Mazda to recall 400,000 vehicles globally for possible wiper defect

More than 400,000 Mazda3 and MazdaSpeed3 vehicles worldwide could be subject to recall by Mazda Motor Corp. after drivers reported defective windshield wiper motors. In documents posted Monday on the National Highway Traffic Safety Administration’s Web site, Mazda said it’s recalling 103,300 vehicles in the United States manufactured between Jan.