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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.

2015 Nissan Versa to debut at New York auto show

Nissan revealed the first images of the 2015 Versa sedan on April 11. The car goes on sale next week after its debut at the New York auto show for the seriously low price of $12,800 including destination. Improvements include new front and rear fascias, interior upgrades and new packaging content.

Audi Q3 SUV confirmed for production

By Ben Pulman Motor Industry 22 April 2009 10:15 Audi has confirmed that it will put the Q3 SUV into production in 2011. The new car will be built at a Seat site in Spain, and Audi expects to invest €300m in the car and produce 80,000 units annually. Yes, but Ingolstadt is hoping that the world will be a better and brighter place by the time the new 4x4 rolls out of Seat’s Martorell plant in 2011 - it’s also the same year we will see the A1.