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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.

Bentley SUV to enter 2013 Dakar Rally

Bentley SUV in the 2013 Dakar Rally Bentley are planning to enter their new SUV – the EXP 9F Concept – in the Dakar Rally in 2013. Sort of. It’s a tried and tested route for the VW Group to go with SUV’s : Enter them in to a gruelling rally to prove their capabilities and enhance their sale prospects.

Memorial service for former GM design boss Chuck Jordan is Friday

A memorial service for Chuck Jordan, design chief at General Motors from 1986 to 1992, will be held at 1 p.m. Friday, Jan. 28, at the GM Heritage Center in suburban Detroit.