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Crunch watch Jan 09: the auto industry in crisis

By Tim Pollard, Ben Pulman and Gareth Evans Motor Industry 30 January 2009 12:39 Friday 30 January 2009• Honda is about to close the Swindon factory for four months when Friday's shifts are finished; the shutdown will affect 2500 of the 3700 staff, who will receive full pay for two months and then 60% pay for the next eight weeks (BBC News)• Porsche has announced a sharp drop in sales and likely profits. It forecasts a 27% drop in 911, Boxster, Cayman and Cayenne sales to around 34,000 units in the six months to the end of January 2009 (Financial Times, subscription required)• Ford wants Washington to do more to stimulate car sales, after posting a record loss of nearly $14.6 billion earlier this week (Detroit News)• Honda's quarterly profit has crashed by 90% – forcing the Japanese car maker to halve its annual profit target (Detroit Free Press)Thursday 29 January 2009• Ford of Europe is a bright spot in the Blue Oval's quarterly results today, making $1.06 billion pre-tax profit in 2008 (up from $997m in 2007). It's the first profit of more than $1bn since 1989 (Automotive News Europe, subscription required)• Volvo suffered a 'disastrous 2008' with a pre-tax loss of $1.46bn.

Nurburgring redesign plans unveiled

By Ben Barry Motor Shows 13 November 2008 09:19 Anyone who’s been to the Nurburgring recently will have seen building work on a massive scale. So what’s going on? It’s all part of a €215 million investment that’ll see Europe’s most famous race track build on its uber track day reputation to become what marketing boss Stephan Cimbal describes as a motorsport theme park that’s open 365 days a year.

Porsche Panamera – Best selling Porsche in the U.S.

The Porsche Panamera - best-selling Porsche in the US The Porsche Panamera elicited pretty much the same response from the Porsche aficionados when it was revealed as the Cayenne did seven years ago – raise arms in horror; shriek about wrecking the brand and proclaim the end of Porsche as the latest sacrilege will bring the company to its knees. Wrong. Again.