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LA Motor Show: Subaru previews fifth-generation Legacy

SUBARU has showcased its new Legacy concept, which strongly hints at the future styling of the brand’s marquee model. At the Los Angeles Auto Show Subaru took the wraps off the preview model ahead of the fifth generation Legacy’s expected launch in 2014, when it will celebrate its 25th anniversary. The company trademarks of a Boxer horizontally-opposed engine and mechanical permanent all-wheel drive will remain, giving the Legacy a degree of sure-footedness that few, if any, rivals can beat.

Ferrari Power Extended Warranty can run for 12 years

Your Ferrari can now be warrantied for up to 12 years It used to be that once your twelve months warranty on a car was done and dusted you were on your own. But things have changed massively in recent years. From Kia’s 7 year warranty to Vauxhall’s ‘Lifetime’ warranty, owning a car for an extended period is now much easier thanks to new warranties offering fixed-cost liabilities – no more nasty surprises.

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.