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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.

Nissan Pathfinder

Nissan has revealed the production version of its latest Pathfinder SUV, first seen in concept form at this year's NAIAS in Detroit. It moves away from the outgoing model in terms of form language, introducing a far more organic and car-like aesthetic. The 2013 model is almost 230kg lighter than its predecessor with a monocoque bodyshell that allowed Nissan designers to create a more aerodynamic exterior without losing headroom or trunk capacity.

From Hooniverse: Spintires is a Soviet trucker video game

If you’ve ever spent an entire workday watching YouTube clips of Soviet-era logging trucks traversing the wilds of Siberia (who hasn’t?), then you’ve no doubt spent even more time cruising Russian classifieds for vehicles with three-letter names ending in AZ. Now, you may not have to import an eight-wheeled Russian monster truck to get an idea of what it might be like to run roughshod over some pristine forest. As our friends at Hooniverse report -- in great detail -- there’s a Kickstarter on and it’s aimed at bringing Spintires into reality.