Walker 43072 Resonator Sub Pipe 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.

Buy a 50th Anniversary FIA 289 Shelby Cobra today

By 1964, Shelby had grown too big for its American britches with its 289 Cobra. It had dominated almost every single race of the United States Road Racing Championship for the past three years, defeating its archrival Corvette at every turn. Two Cobras had been entered in the 1963 Le Mans; one did not finish, but the entry entered by AC Cars, with Stirling Moss running the team, placed sixth overall.

Peugeot RCZ R (2013) first official pictures

Forget the 208 GTi: the Peugeot RCZ R is the Peugeot’s new performance flagship. The range-topping RCZ boasts a record-breaking 270bhp, and will hit 62mph in under 6sec. Peugeot expect UK models to cost over £30,000 when the RCZ R goes on sale here in the first quarter of 2014.