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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.

2011 LA Design Challenge entries revealed

As the Los Angeles Auto Show rapidly approaches, the 8th international Design Challenge has been announced. Inviting studios from across the globe to compete, previous years have seen concepts created for environmentally conscious briefs that called for sub-1000lb vehicles through to ‘Motorsport 2025' concepts that reinterpreted motor racing in the semi-distant future. This year sees six design studios turning to the silver screen and creating the next ‘A-list automobile', those being: Honda Research and Development Americas, Inc; Hyundai Design North America; Mercedes-Benz Research & Development North America inc.

CCTV ban will 'put pupils at risk'

GOVERNMENT PLANS to possibly ban CCTV parking cameras will put schoolchildren at risk, council leaders and head teachers have warned. Councils use CCTV enforcement vehicles to tackle dangerous and illegal parking outside schools including cars blocking driveways, driving along pavements and stopping on yellow zig-zag lines outside school gates. They are often introduced at the request of parents or teachers concerned about the safety of schoolchildren and act as a visible deterrent to the thoughtless minority of drivers who put children's safety at risk.