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Crunch watch June 09: the auto industry in crisis

By Tim Pollard, Ben Pulman and Peter Adams Motor Industry 30 June 2009 11:35 Welcome to CAR's news aggregator as we round up the seismic change in the auto industry. Top tip: news summaries are added from the top hour-by-hour  Tuesday 30 June 2009• Porsche says it is no longer applying to the German Kreditanstalt für Wiederaufbau central bank for a €1.75 billion bridging loan. This means it'll now have to seek finance elsewhere (Porsche) • Seat announces its best-ever month for used car sales; it sold 915 second-hand cars in May (Seat)Monday 29 June 2009• Jaguar Land Rover has opened its first showroom in India.

80hp Caterham Seven 160 details revealed

Caterham has launched its new Seven 160 – an 80hp entry-level variant of its back-to-basics sports car available that’s available now from £14,995. That’s in kit form: if you’re not keen to build it yourself you’ll have to stretch to £17,995, which still offers a decent fun/money ratio thanks to its kerb weight of less than 500kg: that equates to 160hp-per-tonne. Caterham Seven 165 prototype stars at the 2013 Frankfurt Motor Show Suzuki power for new entry-level Caterham Power comes from a turbocharged 660cc three-cylinder Suzuki engine which propels the car to 60 in 6.5 seconds and on to a top speed of 100mph.

Mercedes C-class Coupe (2011) first pictures

Mercedes is expanding the C-class range further with this new C-class Coupe. Due to be shown at the 2011 Geneva motor show, the new two-door C apes the larger CLS in style, yet is tipped to cost from £30,000 when sales start in June 2011. The C-class Coupe essentially slots in where the CLK left off.