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Crunch watch Jan 09: the auto industry in crisis
Fri, 30 Jan 2009By 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.
Le Mans 24-hour race 2010 : a brief history
Wed, 09 Jun 2010By Gareth Evans Motor Shows 09 June 2010 18:13 Over the years Le Mans has played host to inspirational success stories, terrible disasters, technological developments, primeval competitiveness and everything in between. Join CAR as we explore the potted history of the fearsome 24 Heures du Mans endurance race. In the beginningThe Tricolor dropped for the first time on 27 May 1923 as one third of the Rudge Whitworth Triennial Cup, a trio of events whereby the team covering the most distance over three 24-hour races was declared the winner.
Jensen to build new Interceptor in 2014
Tue, 20 Sep 2011These are the first renderings of the all-new Jensen Interceptor, due in 2014. Not to be confused with the 'new' old Interceptor, you can still buy. Coventry automotive specialist CPP will build the new 2014 Jensen Interceptor at its West Midlands plant; it'll also engineer and develop the prototypes.