Volvo Penta Gasket Set 4 Cyl 875418-6 on 2040-parts.com

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.

2015 Nissan GT-R Nismo priced at $151,585

The 2015 Nissan GT-R Nismo -- which made its debut at the Geneva motor show -- will carry an eye-watering base price of $151,585 when it goes on sale at the end of July. The Nismo is the halo model among halo models, featuring nearly every performance part the company has to offer. Nissan priced the lower-spec Premium, Black and Track versions of the GT-R back in January.

2014 Mercedes C-Class: OFFICIAL – and it looks like a proper baby S-Class

The 2014 Mercedes C-Class (pictured) looks like a proper baby S-Class The 2014 (or 2015 if you’re in the US) Mercedes C-Class has finally been officially revealed ahead of its debut at the Detroit Auto Show next month, and it looks to be a convincing take on a proper scaled-down S-Class. With Mercedes launching a more credible range of compact cars beneath the C-Class – with the new A-Class and CLA – targeting younger, funkier buyers, Mercedes has taken the C-Class from the ‘entry-’level’ real Mercedes to become a properly grwon up luxury saloon, just smaller than its E-Class and S-Class siblings. The new C-Class is wider, longer and has a longer wheelbase – with most of the extra 3 inches in the wheelbase benefiting the rear passengers – yet it’s lighter and more dynamic than the model it replaces, thanks in no small part to an aluminium hybrid body that now has up to 50 per cent aluminium in its panels.