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Crunch watch Mar 09: the auto industry in crisis

By Ben Pulman and Tim Pollard Motor Industry 31 March 2009 13:48 Tuesday 31 March 2009• Porsche said that its earnings before tax rose to €7.3 billion in the six months to the end of January – including a €6.8bn windfall from its VW share options (Financial Times)• Fritz Henderson, GM's president and chief operating officer, will step up to replace Rick Wagoner, who was ousted on Sunday as CEO of General Motors (Financial Times)• President Obama is essentially CEO-in-chief of GM – despite not owning a single cent of stock, says Detroit News commentator (Detroit News)• German chancellor Angela Merkel gives assurances that any would-be investors in GM's European arm will be given state support. Opel is asking for €3.3 billion in aid – and up to 25,000 jobs in Germany depend on it, with up to 300,000 jobs across Europe including Saab and Vauxhall (BBC News)Monday 30 March 2009• General Motors' chief executive Rick Wagoner has been ordered to resign by US president Barack Obama with immediate effect. It's part of Obama's administration's critique of GM and Chrysler's turnaround plans – he's understood to be unhappy with the plans submitted (BBC News)• New GM non-executive chairman Kent Kresa has admitted that at the company's next general meeting it will have 'a majority of new directors' (General Motors)• Chrysler will receive US government aid for the next 30 days, but the Obama administration has said that if the company cannot secure a tie-up with the Fiat Group within that time period it will not receive any more money from the taxpayers and could go into liquidation.

Ivan 'Ironman' Stewart shifts gears, sells his stuff

Ivan “Ironman” Stewart’s high-speed lifestyle of flying through the desert, leaving a rooster tail of dust, is taking a turn down a calmer, gentler road. Stewart, 64, is ready to slow things down and create more time for himself and his family. “I’m not retiring,” he insists, “just changing directions.” Last weekend he sold his off-road racing truck business and everything that goes along with it.

Fiat Doblo (2010): first official pictures

By Tim Pollard First Official Pictures 19 March 2010 13:34 Fiat has unveiled the all-new Doblo – the doyen of practical MPVs. Fiat has flogged a million since the first Doblo went on sale in 2000 and today's latest model adds some welcome polish to the acres of room in the back. It's a properly new model, with just 3% carryover parts from the last Doblo.