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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.
Porsche Design to launch two bikes
Wed, 03 Aug 2011Porsche will be joining its fellow car manufacturers when they release two bikes in September. The Porsche Design ‘RS' and ‘S' bikes are designed with speed in mind and will be the latest additions to their Driver's Selection range. The ‘Rennsport', or ‘RS' bike, is a sports bike featuring a monocoque-constructed carbon frame for stability and damping, 20-speed Shimano XTR gear and 29-inch Crank Brothers wheels.
Peter Horbury replaces Steve Mattin as Vice President of Design at Volvo Cars
Wed, 01 Apr 2009Ford Motor Company announced key changes to both Volvo Cars and Ford's Americas design operations today. Effective May 1, Peter Horbury, currently Executive Director of Ford Americas Design, will return to Volvo as Vice President of Design, replacing Steve Mattin who, according to Volvo, "elected to leave the company". Insider sources tell us he was forced out.