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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.

Vauxhall Astra VXR Extreme gets 300bhp

The Vauxhall Astra VXR Extreme (pictured) gets 300bhp When the Vauxhall Astra Extreme popped its head above the parapet at the end of January as a potential range-topping Astra, we did wonder if it was going to get more power as well as suspension and cosmetic tweaks. It is. Vauxhall still aren’t saying just how powerful the Extreme is, but they do say it will have ‘more than 300 pS if (and probably, when) it goes in to production.

Nissan Juke-R Silverstone Test (video)

Nissan Juke-R testing at Silverstone The Nissan Juke R – the love child of the Juke and the GT-R – has been out testing at Silverstone. We have video. Nissan teased interminably with the build and development of the Juke-R – the bonkers cross between the funky Juke and Godzilla.