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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.

Renaultsport Twingo 133 Cup revealed

The Renaultsport Twingo 133 Cup is launched in the UK But Renault has another Renaultsport model to reveal – the Renaultsport Twingo 133 Cup – which has turned up in our inbox this morning. This is a cut-down version of the Twingo Renaultsport. Cut down on fripperies, mind you, not on performance.

Fisker ‘Project Nina’ to debut at New York Auto Show

Fisker's Project Nina teased ahead of the New York Auto Show The ‘Project Nina’ from Fisker – a smaller take on the Karma – will debut at the New York Motor Show in April. It’s taken a very long time for Henrik Fisker to get the Karma out to the public, and even then it looks like it still wasn’t really ready to go, with reports of faults and breakdowns already starting to filter in from the handful of Karma owners. But the next stage of Fisker’s evolution in to a fully fledged maker of range-extending EVs is ‘Project Nina’, a smaller car that the Fisker – thing 3 Series – which has been funded to a great degree by the US taxpayer.