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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.

Nissan design chief Shiro Nakamura talks style with AW

Nissan's design chief Shiro Nakamura stopped by One AutoWeek Tower on Friday afternoon during his visit to Detroit to share some insight on current and future styling trends for his company. Nakamura, who is best known to enthusiasts for his work on the GT-R, says the current state of design is relatively strong, and the business may be on the verge of another golden age. Nissan is also pondering the look of a version of the Leaf for its luxury Infiniti brand.

Fuel-economy standards rise to 27.3 mpg for 2011 model year

Fuel-economy standards for all light vehicles will rise 8 percent, to an average of 27.3 mpg for the 2011 model year, under new U.S. rules issued on Friday. The regulations will use a new system that sets standards for individual models based on their size.