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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.

Porsche Exclusive to offer Powerkit and Aerokit for 911 Carrera S

Porsche's in-house Exclusive custom division on Thursday introduced new power-enhancement and aero-enhancement kits for the 2013 Porsche 911 Carrera S. The Powerkit boosts the 3.8-liter flat-six engine's output to 430 hp, up from 400 hp. The extra power comes courtesy of redesigned cylinder heads and new camshafts, along with modifications to the electronic engine-management system.

AC Schnitzer upgrades the Mini Cooper coupe

The Mini Cooper coupe is still fresh--it hasn't been out for more than a year. Now, German tuner AC Schnitzer has taken it into the shop for some upgrades. The company is working on performance upgrades for both the diesel- and gasoline-powered cars, starting with a front limited-slip differential.