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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.

Ferrari 458 Speciale A (that’s ‘A’ for Aperta) revealed

The Ferrari 458 Special A – revealed ahead of its Paris debut The Ferrari 458 Speciale A (the ‘A’ stands for Aperta – Italian for open) has been revealed this afternoon – ahead of its Paris Motor Show debut next week – as the most powerful open-top Ferrari ever, promising 0-62mph in just 3.0 seconds. Just 499 will be built. And if you want to invest money in a new Ferrari, the 458 Speciale A will be a good shout; with just 499 being built (just like LaFerrari) it’s almost certain these rare 458s will appreciate in the coming years – just like the 599 Aperta has (although there were even fewer of those).

Currency chills U.S.-made Audi

Audi has put on ice the option of manufacturing in the United States because of the euro's recent slide against the dollar. The decision against U.S. production means Audi, unlike sister division Volkswagen, isn't ready to design a car primarily for the United States.